Homeowners with mortgages of more than $1 million are defaulting at almost twice the U.S. rate and some are turning to so-called short sales to unload properties as stock-market losses and pay cuts squeeze wealthy borrowers.
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If you are searching for luxury homes and estates in the Greater Tampa Bay (Tampa, St. Petersbug, Clearwater) or Sarasota, please contact Steve Eckhardt at (813) 765-1182.
