Walking away from your home, for dummies.

By
Real Estate Agent with Russ Lyon | Sotheby's International Realty

You might call it, "Walking away from your home, for dummies."

Brent White, the University of Arizona law professor who's made a name for himself by urging more underwater homeowners to consider walking away from their homes, has published a 168-page book to help borrowers who are wrestling with that decision.

Read more: Walking Away From Your Home, for Dummies? - Personal Finance - Real Estate - SmartMoney.com http://www.smartmoney.com/personal-finance/real-estate/walking-away-from-your-home-for-dummies/#ixzz1DmFKStqK

 

 

 

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Rainer
125,047
Sandra White
John L Scott Real Estate - Port Townsend, WA
Experienced Residential Resale Broker

Who would have thought a few years ago that such a book would be needed, or even sell.  Sure hope this will turn around in the next few quarters, and we can breath again.  I really feel sorry for people who are facing losing their homes.  What a bummer that would be. 

Feb 12, 2011 03:39 PM #1
Rainmaker
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Jill Watts
Realty Pro, Inc. - Vancouver, WA
Clark County, WA Is A Great Place To Live! Call Me

I think this is a sad state of affairs. I've met three people in the last few weeks who are walking away just because they have lost value in their homes. One is a lender. I knew another lender about five years ago that walked away. What has happened to American values?

My husband mentioned today, "wow, have you noticed how many new cars there are lately?" I wonder if this is tied to the fact that people are not paying their mortgages and now have "extra" money?

 

Aug 21, 2011 12:56 PM #2
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David E. Smith

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