Calculated Risk: Study: Using Home ATM Led to Most Foreclosures in …
He found that, at least in Southern California, borrowers who defaulted on their mortgages didn’t purchase their homes at the top of the market. Instead, the average acquisition was made in 2002 and many homes lost to foreclosure were …
Here is the original post:
Calculated Risk: Study: Using Home ATM Led to Most Foreclosures in …