Walk Away Foreclosures – When is fighting for your home not worth it?

March 16, 2010

One in four U.S. homeowners owes more on their house than their mortgage is worth. That’s left many wondering whether they should just walk away and allow a foreclosure. It used to be that homeowners had an emotional attachment to their homes and would fight to keep them.  But now, many lenders have made the process of avoiding foreclosure so difficult, that a growing number of Americans are starting to wonder if it’s worth it. Click here to see more on this trend.

Click on the video above to watch a CNN Money report on the growing number of walk-away foreclosures, which are becoming another major threat to the U.S. housing market.