JUNE 24, 2011
Across the nation, homeowner “walkaways” are a large part of the increase in vacant and abandoned properties. Industry data estimates that 20 percent of vacant homes are abandoned by homeowners in default rather than forced by a lender. This article describes the ideal response by homeowners who are in default versus the “real” response that typically happens as a result of an unaffordable mortgage.
SOURCE: Safeguard Properties