More Americans than ever are showing a willingness to walk away from their underwater homes, according to a recent survey. Chris Kelly is a perfect example of someone who never thought she would send the bank “jingle mail.” But she did.
Until last year Kelly, a 46-year-old administrative assistant, was living in a 3,000-square-foot home she owned with her ex-husband in the Seattle suburbs.
The duo had put the three-bedroom, three-and-a-half bath home on the market before finalizing their divorce in the spring of 2009 but had no luck luring move-up buyers to the $600,000 home even after price markdowns.
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1 comment:
The article said nothing about how she got "underwater", but could it have been what so many millions of people did and THAT was to keep refinancing their homes every year and taking the (supposed) "equity" out for the purchase of big screens, paying off credit cards (only to run them up to the limit again), luxury cruises, etc.? Now, their property is accurately valued and they OWE money?? I wonder how that happened???
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