Monday, October 10, 2005

More People Are Walking Away from Home Payments

Greeley Tribune - Business: "There used to be a concept in real estate of getting people into starter homes. Families would start small, slowly build their income, save for a rainy day, and eventually move on to bigger and better.

Now, people want it all and they want it now.

'I have seen a dramatic shift in thinking just within the last five to seven years,
from, 'owning a home is a privilege,' to 'owning a home is my right,' ' said Angel Fuchs, a longtime mortgage lender with Waterfield Mortgage in Greeley."
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