People are realizing that a bright future free from outrageous debt is more important than paying back the bank. People are realizing their families future will be dictated by how they dispose of their current debt. it took a few years but people now understand that a mortgage is a risk for both bank and borrower. Banks willingly take real estate as collateral after a hired professional is used to appraise the real estate. The banks thought property values would hold just as much as the rest of us or they would not have given out the loans. It was not the home owners fault property vales dropped in Las Vegas, Nevada. As more people begin to see the reality of the situation they are becoming less and less hypnotized by the media and bank propaganda. They now are looking for ways to take back their lives and not be beholden to debt the banks were happily giving out backed by real estate.
The best and least painful option is often becoming a short sale.
Chris LaHaie Realtor List with Chris
Prudential Americana Group, Las Vegas, NV