I’ve been a short sale that the buyer has stated that they are in the process of moving to their new home that they just purchased. I also spoke to a small store owner that is going to to the same thing. This is going to be big, people will walk away from being under water even if they can afford their payments. It’s not just going to be people that can’t afford payments after their teaser rate changes. Once this becomes more common place the majority of people underwater might do the same thing.
