Choosing foreclosure as home values dip
As home values fall, more and more homeowners are walking away from their mortgage payments and foreclosing on their properties. And some say this is the right decision.
We talk with Roger Lowenstein, a contributing writer for The New York Times Magazine, and author of “The End of Wall Street” (April 2010). We also speak with Marlene McGuire who walked away from her home in Colorado and now lives with her husband in a mobile home.
The story you just read is not locked behind a paywall because listeners and readers like you generously support our nonprofit newsroom. If you’ve been thinking about making a donation, this is the best time to do it. Your support will get our fundraiser off to a solid start and help keep our newsroom on strong footing. If you believe in our work, will you give today? We need your help now more than ever!