InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,222.68
(
0.16%
)
US TECH 100
17,672.76
(
0.18%
)
Dow Jones
39,512.84
(
0.32%
)
Brent Oil
82.56
(
-1.66%
)
Bitcoin
60,550.99
(
-3.96%
)
Post# of 704570
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

ZoZoStockWatch

Send PM Follow Ignore
Followers 138
Posts 84033
Boards Moderated 3
Alias Born 03/25/2003

ZoZoStockWatch

Re: None

Wednesday, 02/03/2010 7:55:02 AM

Wednesday, February 03, 2010 7:55:02 AM

Post# of 704570
No Help in Sight, More Homeowners Walk Away
By DAVID STREITFELD
Benjamin Koellmann paid $215,000 for his apartment in Miami Beach in 2006, but now units are selling in foreclosure for $90,000. “There is no financial sense in staying,” he said.

By June, about 5.1 million people will own a home whose value is below 75 percent of what is owed.

http://www.nytimes.com/2010/02/03/business/03walk.html?ref=business


Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up