Or rent it out. 37% of mortgagors have not made a payment in more than two years. Some redfin.com listing is showing short sale for more than 1,000 days. It also shows us how serious shadow inventory is.
http://money.cnn.com/2011/08/31/real_estate/housing_market_foreclosures/index.htm?iid=HP_Highlight
Thats Obama voters right there.
Dear Obama,
I've made some bad decisions, please send tax dollars this way.
Sincerely,
Deadbeat