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Home > News > Company News > More Homeowners Walk Away

More Homeowners Walk Away [2010-02-03]

David Streitfeld, The New York Times

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After three years of plunging real estate values, after the bailouts of the bankers and the revival of their million-dollar bonuses, after the Obama administration’s mortgage loan modification plan raised the expectations of many but satisfied only a few, a large group of distressed homeowners are wondering: Why not let their homes go into default and rent a better place for less?.

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