Some Buy New Homes to Bail on Old Ones

HomeWatcher — Thu, 26 Jun 2008 10:40:37 EDT

In markets hit hardest by falling home prices and rising foreclosures, lenders and brokers are discovering a new phenomenon: the "buy and bail," in which borrowers with good credit buy a new home - often at a much lower price - then bail out of the "upside down" mortgage on their first home.

Channel: Real Estate Tags: New Homes Housing Market Foreclosures

When will YOUR housing Market Recover?

HomeWatcher — Thu, 26 Jun 2008 10:37:21 EDT

Pundits love to make predictions as to when home prices will stabilize in U.S. housing markets. But even well-respected forecasters and analysts may disagree, and even if a forecast proves true nationally, your local market may behave in a wildly differen

Channel: Real Estate Tags: housing market economy

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Some Buy New Homes to Bail on Old Ones

When will YOUR housing Market Recover?