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Real Estate & Property Law

: Housing Wire

White Paper Sees Strategic Defaults Rise with Negative Equity

By AUSTIN KILGORE

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More than one quarter of mortgage defaults are strategic ? when a borrower chooses to default because the property that secures the loan is worth less than the remaining balance of the mortgage, according to a white paper (available to download here) written by a trio of university scholars. The decision to strategically default isn?t as [...]

Full post as published by Housing Wire on December 08, 2009 (boomark / email).

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