Accelerated mortgage defaults likely choice to deleverage household debt (via Foreclosureblues)

Accelerated mortgage defaults likely choice to deleverage household debt Today, December 24, 2010, 3 hours ago Most economists agree that households will continue to deleverage. Bank of America believes over $1,000,000,000 will come from strategic default. Irvine Home Address … 65 GRANDVIEW Irvine, CA 92603 Resale Home Price …… $2,320,000 In the town where I was born, Lived a man who sailed to sea, And he told us of his life, In the land of … Read More

via Foreclosureblues