Relevant:
- Short sale dynamics -- short sales recorded the highest number of transactions in three years during the first part of 2012. What data do we have on short sales with second mortgages?
- The Gamers' Uprising Against Wall Street Has Deep Populist Roots
- For many U.S. wealthy, housing crisis still a squeeze
- Five Questions: Will I Owe Taxes on Forgiven Mortgage Debt? - Developments
- 3 Reasons You Want A Short Sale Over A Foreclosure
2009-12-17 — bloomberg.com
"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."
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