walk away: Is it right to walk away from your Mortgage - The law says yes in CA - 07/09/09 01:01 PM
I blogged on this subject many months ago. Recently the debate has popped up again.  
A recent study determined that homeowers are willing to walkaway after their homes start to decline by more than 10%.  
http://news.prnewswire.com/ViewContent.aspx?ACCT=109&STORY=/www/story/06-26-2009/0005051034&EDATE=
 
There is a debate here on activerain about whether this is a … (4 comments)

walk away: How will the new mortgage law effect real estate prices... and more - 07/28/08 02:07 PM
From the democratic policy committee:  Caveat I worked for this comittee in the mid 80s.  When you walked into the main office in the Senate Hart Building you saw pictures on the wall of workers in the fields.  On the posters one could read in spanish that the "Land belongs to … (5 comments)

walk away: California Sues Countrywide - Opens the door for homeowners in distress - 06/26/08 07:00 PM
This lawsuit (link below to a san diego news article)  may give homeowners the leverage they need to strengthen their arguments just enough to avoid taxation and fight the destruction to their credit. 
Watching for the facts that come out of this case. 
If you own Real Estate in San Diego … (0 comments)

 
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John McConnin, Esq

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