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Article:	*Voluntary Loan Defaults Are on the Rise*
	http://www.realtor.org/RMODaily.nsf/pages/News2009110403?OpenDocument

	If there were rate reduction programs for investors, 2nd home owners, it would stem much of the tide of voluntary loan defaults. Even though the borrowers may still be underwater there would be many satisfied enough with the fact that they were able to refinance to current low market rates. It's a double problem when you are have lost so much equity and you can not refinance at current rates and you see yourself locked into 30 years of break even or loss on an "income" property which you'll never be able to compete with others buying and financing at today's rates. Eliminate one of the problems and you've eliminated a lot of loan defaults, REO inventory flooding the market.*
Full Name:	Robin Glass*
Company Name:	Hawaii Home + Commercial LLC*
Posting Options:	It's okay to use my comments.*

11/22/2009 12:28 AM