A review by real estate site Trulia.com and foreclosure site and marketing partner RealtyTrac has just reported a huge deal of cynicism on the part of US adults. Approximately 58 percent of those surveyed think that the housing market is not going to recover until 2012. Worse yet, 20 percent contemplation it would take until 2015 to get better.
A huge real estate deal of this negativity hinges on the robo-signing scandal exposed in October. At that time some advance lenders admitted signing foreclosure papers without reading them or verifying the information.
This November investigation also revealed a momentous jump to 48 percent in the number of respondents who would judge walking away from a house that was under water (i.e., what they owed was more than the current value of the home.)
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