Quoting the Crisis23/09/2009
“ The number of strategic defaults is far beyond most industry estimates — 588,000 nationwide during 2008, more than double the total in 2007. They represented 18% of all serious delinquencies that extended for more than 60 days in last year’s fourth quarter. „
Kenneth R. Harney in Homeowners who ‘strategically default’ on loans a growing problem — latimes.com
Quote posted at 09:01
