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Is It OK To Stop Paying Your Underwater Mortgage And Walk Away?

Posted by moneymatters 740 days ago, popular 740 days ago (http://www.smartonmoney.com)
Category: Personal Finance | Tags: foreclosure mortgage real-estate
A lot of people are finding themselves in a situation where they owe more on their home than it is worth. Because they don't want to take the hit, they make a strategic default and walk away from their mortgage. Is that ok? What are your thoughts
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