If I live in a house in SEH for 6 years.on a 650K house
6 times $6000 mello Roos = 36,000. Probably get about 2%or $12,000 in equity in these 6 years,if I am lucky.Bad investment.
So what happens to those tredding water and upside down, as they see the bank owned signs appear on lawns on Horizon Ct and Orion and Antilla.
Do they just walk away?
Are Walkaways on the rise?Does anyone know someone who walked away?.
2003-2007 will long be remembered.Similar conditions will never come again. We will speak about it as we speak about the great depression folks.
