Detailed text transcripts for TV channel - FOXNEWS - 20100131:17:23:00
Problems from the financial meltdown. he says banks will take on more government will rescue them. some disappointing sales numbers out of the housing market. sales of exit existing homes down 16.7% and 374,000 new homes were sold in 2009, the lowest total on record. as homes continue to s o market, some home oners are walking away through default. is it a bad idea? joining us is the creator of kendra todd.com and host of my house is worth what? kendra todd. >> what is a strategic default? >> a borrower walks away from the mortgage even though they can pay. what is alarming is one quarter
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