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Strategies & Market Trends : Value Investing
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To: Oblomov who wrote (30680)4/16/2008 10:28:27 PM
From: Madharry  Read Replies (1) of 78744
 
its not a question of their credit score declining its a question of whether you want to write down the mortgage and interest payments to induce people to stay in their homes or do you want another foreclosed home for sale out there as people turn in their keys to avoid taking a loss. I dont see how
the latter helps anyone except for a bargain hunter or a first time homebuyer who is not concerned about the continued free fall of home prices.
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