A New York Times article describes how more people are walking away from their mortgage. It seems that the common decision point by a home owner is once your home value reaches 75 percent of the mortgage people walk. When you look at the estimates now coming out that home appreciation will be in around 2 percent per year once the market stabilizes, it will take a number of years to get back to where your home value and mortage owned are equal.
February 5, 2010
HUD Price Reduction
1111 Hunt Ranch Trail, Huachuca City - now $56,700
Reduced $8,100, 1111 N. Hunt Ranch Trail, Huachuca City, Cochise County, AZ. HUD manufactured home atop a mesa with great views. For additional photos and information click on “Featured Properties” tab or here.
Don Grafues
Resource: HUD
Resource: HUD
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