"Homeowners in foreclosure are increasingly plotting a graceful landing that leaves them not in dire straits following an eviction, but with the same or even better living standards than before they defaulted.
A study released this summer by a Federal Reserve Board discussion group found that homeowners post-foreclosure are bucking conventional wisdom that dictates they defray expenses by moving in with extended family members or into crowded apartments in poorer neighborhoods.
Instead, the report titled "The Post Foreclosure Experience of U.S. Households" found the majority of people following a foreclosure end up sharing a home with the same number of people in a similar, or the same, community".................READ MORE
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