U.S. Foreclosures Jump 57% as Homeowners Walk Away

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And for most people, losing a home to foreclosure is worse than not getting the house. A borrower is less likely to walk away from his or her own money in a situation like this than if the money.

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NEW YORK (CNNMoney.com) — Mortgage payments are set to jump. Home prices have plunged. "I'm outta here." Homeowners are.

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Which means that foreclosures are hitting renters, too. "This is not just a homeownership crisis." said Danilo Pelletiere, NLIHC research director and a co-author of the report. "Data shows that nearly 40 percent of foreclosures affect rental properties and in many areas, homeownership markets remain highly uncertain.

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NEW YORK (CNNMoney.com) — Home foreclosures hit record levels the first quarter. which cut the demand for housing and has prompted people to walk away from homes and home loans in search of work.

And if the. U.S. Foreclosures Jump 57% as Homeowners Walk Away U.S. Foreclosures Jump 57% as Homeowners Walk Away June 25, 2008 April 15, 2008 by Infinite April 15 (Bloomberg) – U.S. foreclosure filings jumped 57 percent and bank repossessions more than doubled in March from a year earlier as adjustable mortgages increased and more owners lost their homes to lenders.

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The Sky isn’t Falling Everywhere Brian Mikelbank. Bloomberg News3 reported that nationally foreclosure filings in March of 2008 were 57% higher than they were during March of 2007. Yet. 3 "U.S. Foreclosures Jump 57% as Homeowners Walk Away," Dan Levy, Bloomberg.com. April 15, 2008 .

Why Not Just Walk Away from a Home? Foreclosure, we’re told, is a last resort. But some distressed homeowners are voluntarily walking away from their mortgages, a practice the mortgage industry.

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