Financial Planning: Foreclosure?

I came across something I found rather interesting today. A report that foreclosure is becoming a mortgage trend that is based on financial planning. This isn’t the sort of foreclosure by Americans in bad financial positions (the folks “economic stimulus” is meant to help). This new foreclosure trend actually includes middle to upper middle class Americans who can afford their mortgage payments. Inman News reports on this rising mortgage trend:
Meanwhile, the homeowners can avoid the risk of more negative equity and eliminate the cost of owning and maintaining their home from their household budget. And since the property now belongs …read more