This is becoming boring. 8 weeks now of declining mortgage applications. If you want more info, click on the REALTOR®Mag link.
Resource: REALTOR®Mag
July 11, 2010
Owners With High Credit Scores Walking
Some home owners with extremely good credit are walking. Five percent of mortgage delinquencies are by owners with very high credit scores and roughly 28 percent of them are walking away from their underwater mortgage. This is especially the case in states that suffered the greatest decline in property values and in states with no recourse laws (Arizona).
Resource: REALTOR®Mag
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