http://www.thefiscaltimes.com/Articles/2012/10/24/More-Americans-Walk-Away-from-Their-Mortgages.aspx#page1
As the complex started feeling more like Animal House than home, she
approached her bank about refinancing into a 30-year loan so that she
could afford to move elsewhere and rent out her condo. But the bank told
her it wouldn’t refinance an upside-down mortgage. So she’s planning to stop paying — she heard that missing a payment would encourage the bank to renegotiate her loan.
No comments:
Post a Comment