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Was strategic mortgage default ruthless or merely accelerated?

Very few strategic mortgage defaults were ruthless. Most strategic defaults were inevitable, and the borrower merely chose the timing. People form strong attachments to their homes. Walking away is never a decision they take lightly. We can discuss the pros and cons and come up with our own beliefs and attitudes about it, but the […]


This post first appeared on OC Housing News - Real Estate Market Analysis And, please read the originial post: here

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Was strategic mortgage default ruthless or merely accelerated?

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