Walking Away Is Embarrassing, But Staying Is Stupid

The Sacramento Bee reports from California. “It’s the question faced by thousands making peak 2005 loan payments on a home with 2008 values: Should I stay or should I go? In Antelope, Randy Fatius has had it. He says he’s walking away from the 1,200-square-foot house he bought in October 2005. Fatius made his last payment in March. Until April, he had never missed a payment.”
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Original Source: thehousingbubbleblog.com

  4 July, 2008| housingblogs | @ 8:24

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