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Tag Archives: Walking Away
FDIC “Cash for Keys” Proposal Would Pay Underwater Homeowners $21,000 to Walk Away
The five biggest US mortgage servicers were told this week at a private meeting with regulators to consider paying delinquent borrowers up to $21,000 each as part of a broader settlement of the foreclosure crisis. Continue reading
Buried One Mile Deep In Economic News: Rand Paul Proposes Elimination of HUD; Churches “Walk Away”; China Hard Landing; Repeal of Davis-Bacon
Many stories of significance have come my way on housing issues, state debt issues, federal debt issues, pension issues, and other economic items of note. I feel as if I am buried a mile deep news. Here are a few stories that caught my eye.
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Walking Away From Boats, Blogging Fees, and Zero Luxury Condos Sold
Prospective buyers kept trying to beat down his prices, even after he shaved $30,000 off the initial list prices ranging from $240,000 for a one-bedroom, one-bath condominium to $475,000 for a two bedroom, 2 ½-bath townhouse. “There were no sales,” Rubin said. “Everyone wants a bargain. They read about foreclosures and think they can buy for distress prices.” Continue reading
Posted in Home Economics
Tagged Birth Rates, Condo Sales, JP Morgan, Stock Market, Walking Away
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“Morally Conflicted” One Year Later After Walking Away
The moral stigma regarding “Walking Away” is now pretty much gone. That it ever existed in the first place is quite hypocritical. Continue reading