Currently viewing the tag: "Week in Review in New Jersey"
This week, Bloomberg reported: Homeowners with mortgages of more than $1 million are defaulting at almost twice the U.S. rate and some are turning to so-called short sales to unload properties as stock-market losses and pay cuts squeeze wealthy borrowers. (I need clarification on what is the rate of default as I have read it’s 1 in [...]
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