Strategic Defaults Driving Bank Foreclosed Homes in Fresno

by cassy82 | June 18, 2010 at 05:16 am

89 views | 0 Recommendations | 0 comments

Strategic defaults are among the major factors driving bank foreclosed homes in Fresno. Home prices in Fresno have fallen sharply to levels where buying has become a much cheaper option than renting.

Strategic defaults are among the major factors driving bank foreclosed homes in Fresno.

Local realtors said that many homeowners are giving up on their underwater mortgages particularly if their loan modification applications are not approved. They said that residential properties have sharply fallen to price levels where buying has become a much better option than renting.

By Cassiano Travareli