Given the current climate, there simply isn’t any incentive for lenders to call a loan being paid as agreed.My personal feeling is that wrapping an attractive underlying mortgage is a great way to get a deal closed right now, and that the risk is minimal if the loan stays current.

Should they relocate to a better, preferably warmer climate or stay put?

Generally, fix and flips, the weather and climate will impact your business, the south will give you more work days under more pleasant conditions.Look at regional medical centers, hospitals that have more specialties that serve a larger regional area are an excellent economic anchor for any community.

@Joel Owens  very astute summation of the reason agents in certain market climates do certain things..

The longterm declining population trends of the older suburbs are still in place as many old and young seek warmer climates for living or retirement etc.

@Christopher GriffinLook at the regulatory climate and taxes as well.

I think it just becomes anti-climatic, because you know it's there but you're still the same person, and it's a gradual process.

Most of it boils down to quality of live, a more moderate, cooler climate, easy commute times, Midwest friendly people, lower cost of living etc Many also say they were surprised how cool Milwaukee is.

Can't convince the misses to move back to Michigan mostly only for the climate.

I am currently working with realtor but he said the climate is really is for people who has $ and renting out is a bonus not a necessary.  :(.