2012-02-21 10:30:10 Default Increases Causing Rise In Foreclosures! So Many Homes Underwater and Drowning! No surprise when you consider these facts: Number of homes already lost to foreclosure - 4,000,000 Default. Owners are making the decision to get out of a sinking asset. Many have been waiting to see if the market would improve or in there would be any homeowner bail out program to come available. Now knowing that neither is an option millions are strategically defaulting... or at least considering it.
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