Sign of the Times
Officials in Lee County, Florida suggested this week to a source that there are currently 21,000 evictions in the county waiting to be processed. Three judges are coming out of retirement just to help with the backlog, we were told.
There’s a credit pull for that
By: PAUL JACKSON
January 28, 2008
CR over at the Calculated Risk blog tackles the newest meme among borrowers — walking away, even if loans are recourse, in order to get into a now-devalued (and cheaper) house. What’s amazing is that this can even happen; it’s not that hard to find out if a borrower has another mortgage.
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