On November 30 we published a post titled "Undewrwater? Stop Swimming And Walk." That seems to be what more people are doing especially in the hardest hit states of Arizona, California, Florida, and Nevada. This according to an article on realtor.org.
A Northwestern University and University of Chicago study found that strategy, not need, was behind nearly 25 percent of defaults.
We have no way of knowing how many of the 14 HUD properties in Cochise County on the market today are there because the owner walked but this is one of the highest number of HUD properties at one time in Cochise County.
Don Grafues
Resource: realtor.org
Resource: realtor.org
