Laura Noonan: We can learn a lot from US on mortgage crisis
WALK away from your negative equity house with $30,000 of free cash. An offer beyond even the wildest dreams of the tens of thousands of Irish homeowners trapped in negative equity.
But across the Atlantic, the offer that Irish homeowners daren't even dream is already a reality.
Last month, thousands of Bank of America customers woke to letters promising them between $5,000 (€3,975) and $30,000 if they'd agree to quit their homes without a fuss.