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Archive Home > 2008 > May > 30 > For many, it’s the second home that brings distress

For many, it’s the second home that brings distress

By Jonathan Glater / The Bulletin
May 30, 2008

Some of the biggest losers in the real estate slump are not purchasers of mansions they could not afford. They are buyers of second homes — or third ones, for that matter — who are sitting on a tax time bomb.

Many of these people will lose their properties in foreclosure and....

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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.