Since the last economic downturn, we've been able to help over 2,541 homeowners with their loan modifications, we've successfully negotiated over 2,572 short sale approval letters and we've eliminated over $ 241 million dollars in mortgage debt. (arklawgroup.com)
Those who panicked during the last economic downturn missed out on average U.S. bull market returns of 178 %. (moneysense.ca)
High Default Rates - The last economic downturn revealed that borrowers with no «skin in the game» or financial interest in their home were more likely to default, not pay or late their mortgage, and walk away from their home than those with down payments - even in cases where down payment was made and signifcant losses in property value were experienced. (nikthebanker.com)