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Loan Modification

: Loan Modification & Home Loan News

Strategic defaults growing in popularity

By Moe Bedard

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“I don’t want to keep on paying when the house will never go back up to its value,” he said. “It’s better to cut our losses, get out of there and go rent.” The number of people similarly choosing to cut their losses on their homes continues to rise. Studies estimate about one-quarter of all defaults [...]

Full post as published by Loan Modification & Home Loan News on March 09, 2010 (boomark / email).

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