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Loan Modification

: Loan Modification & Home Loan News

It?s Okay To Walk Away: Let?s End The ?Morality? Double-Standard On Mortgage Defaults

By Moe Bedard

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More and more commercial real-estate companies are doing what many indebted homeowners would like to do: Walk away from mortgages on properties that are now worth a lot less than they paid for them. Today’s Wall Street Journal highlights three major developers – Macerich, Vornado Realty Trust and Simon Property Group – that have recently [...]

Full post as published by Loan Modification & Home Loan News on August 26, 2010 (boomark / email).

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