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Most underwater owners would not walk away

Survey reveals declining interest in foreclosure purchases
Published on May 21, 2010

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by CareyBot

More than half of homeowners with a mortgage say they would not walk away from their home if it were underwater -- i.e., they owed more than the home was worth -- according to the results of a periodic survey by foreclosure data company RealtyTrac and property search site

Harris Interactive conducted the national survey online between May 10-12. The survey had 2,596 participants: 1,690 homeowners (1,137 of them had a mortgage) and 832 renters. Of those homeowners with a mortgage, 59 percent said they would not wal