Understanding real estate walkaways

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May 25, 2011

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Understanding real estate walkaways


By TARA-NICHOLLE NELSON

More than one person I know is walking away from their home. Strategically defaulting -- meaning, they can afford to make their mortgage payments, but have decided to stop, stay in the home, and allow the bank to take it in foreclosure, because the home is now worth much less than they...

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