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Loan Modification

: Loan Modification & Home Loan News

Homeowners Walking Away: Strategic Defaults on the Rise

By Moe Bedard

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The first wave of U.S. mortgage defaults was spurred by lenders who made bad loans and borrowers who wound up with larger monthly payments than they could ever hope to manage. Lately, something altogether different has been making an increasing contribution to soured debt: Americans choosing to stop making mortgage payments they actually can afford. “Strategic” [...]

Full post as published by Loan Modification & Home Loan News on May 07, 2010 (boomark / email).

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