You're gonna see
a lot more people doing this.
The average borrower in foreclosure has been delinquent for 438 days before actually being evicted, up from 251 days in January 2008, according to LPS Applied Analytics.
Now that over 25% of homeowners are 'upside down' with their home loans, you are gonna see more and more of them just stop paying and say 'OK, I'm gonna stay until you force me out'. Why not? I probably would. At least you can put that money toward something else, other than flushing it down the economic hole that Bush left us. Nearly a million people have just stopped paying, with more joining every month. I just don't see a good ending.
The average borrower in foreclosure has been delinquent for 438 days before actually being evicted, up from 251 days in January 2008, according to LPS Applied Analytics.
Now that over 25% of homeowners are 'upside down' with their home loans, you are gonna see more and more of them just stop paying and say 'OK, I'm gonna stay until you force me out'. Why not? I probably would. At least you can put that money toward something else, other than flushing it down the economic hole that Bush left us. Nearly a million people have just stopped paying, with more joining every month. I just don't see a good ending.
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