A new study suggests that at least one type of foreclosure may be losing some of its stigma.
According to the 2012 Face of Foreclosure report, 45 percent of those surveyed felt that walking away from an underwater mortgage, or “strategic default,” is OK, while 45 percent thought homeowners should honor their financial obligations.
The news about home prices in Las Vegas just keeps going from bad to worse. Or so it seems. But are there any places to buy? Do home prices have any chance of recovering in our life-time? Why have the mortgage modification and neighborhood assistance programs made so little difference? Is it ever the right time to take the hit and move on to greener pastures? Experts from the real estate industry will try to assess what the real outlook for housing in the Las Vegas Valley.