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Rich Default Far More Than the Rest of Us

Wealthy 'are more ruthless,' says analyst

By Emily Rauhala,  Newser User

Posted Jul 9, 2010 2:49 AM CDT | Updated Jul 9, 2010 6:10 AM CDT

(Newser) – Whether they're throwing in the towel on a California beach home or ski chalets, wealthy Americans are currently defaulting on mortgage payments at extremely high rates. One in 7 of those who owe more than $1 million on property are seriously delinquent, reports the New ...   Read full story »

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