Interesting Article About Foreclosures
In Las Vegas, Read And Let
Me Know What You Think!
Realtors Release Face of Foreclosure - 8 News NOW
"LAS VEGAS -- After being strapped with the highest home foreclosure rate in the nation among big cities last year, the Las Vegas metropolitan area tumbled to 9th place in the first half of this year, RealtyTracMore>>. After being strapped with ...Las Vegas News from 8NewsNow.com
Nevadans are equally divided over whether homeowners who owe more on their homes than they are worth should purposely refuse to pay their mortgages, according to a report released Thursday by the Nevada Association of Realtors.
The report, Nevada's Face of Foreclosure, stated that in an April survey of 500 individuals undergoing, recently experiencing or narrowly avoiding foreclosure 45 percent approved of strategic defaults. An equal percentage said homeowners have a legal and ethical obligation to pay their mortgages if they are able.
The survey, with a 4.9 percent margin of error, also found that 27 percent of respondents experiencing foreclosure engaged in strategic default, and 53 percent had lost their job within the past 12 months.
The report included results from a second survey of adults contacted randomly from March 29 through April 2 and also came with a video presentation."
http://www.8newsnow.com/story/19122473/realtors-release-face-of-foreclosure
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