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Why Not Just Walk Away from Your Home Mortgage

By mmc_digg ⋅ April 4, 2008 ⋅ Email this information ⋅  Print this post ⋅ Post a comment

Sometimes, walking away from your mortgage makes economic sense, especially for homeowners who find themselves “upside down” — that is, they owe more on their mortgage than their house is worth. In those cases, “voluntary foreclosures are not by themselves evidence of a newfound irresponsibility on Americans’ part,”

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