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Home > News > Company News > Walk Away From Your Mortgage!

Walk Away From Your Mortgage! [2010-01-07]

Roger Lowenstein, The New York Times

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Time was, Americans would do anything to pay their mortgage — forgo a new car or a vacation, even put a younger family member to work. But the housing collapse left 10.7 million families owing more than their homes are worth. So some of them are making a calculated decision to hang onto their money and let their homes go. Is this irresponsible?

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