Follow Newser on Twitter   Friend Newser on Facebook
Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Underwater Mortgage? Bail Yourself Out

By Laughing__Man,  Newser User

Posted Jun 7, 2011 2:10 PM CDT

(User Submitted) – Through a little-known loophole called strategic default, an increasing number of indebted homeowners are now turning the tables on their banks. Last year only 15% of homeowners walked away from their mortgages, but that's up to 27% now as more people are left with monthly...   Read full story »

COMMENTS
You need to Log in to Newser to comment. Don't have an account yet? Sign up now!
2 comments
A snapshot of the day's best news stories.
 

NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   Timelines   |   Geek Sugar   |   Business Insider   |   HuffPost Entertainment