| Re: Countrywide modification papers signed but now I have terrible credit score, and unemployed
Just a little tidbit for those of us in the situation of trying to decide if we want to keep our property, or walk. Foreclosures up 81% in 2008 - MSN Real Estate Quote:
And with prices continuing to slide in most markets, more Americans are now making a conscious decision to walk away from their homes.
"Clearly the foreclosure programs implemented to date have not had any real success in slowing down this foreclosure tsunami," James J. Saccacio, RealtyTrac's chief executive, said in a statement.
Call it a case of too little too late, says Rod Dubitsky, Credit Suisse managing director, who now forecasts 8.1 million foreclosures over the next four years, up from his April estimate of 6.5 million. | |