Time Magazine reports on a study that indicates 35 % of mortgage defaults were strategic as of last September compared to jut 26 % of mortgage defaults in March 2009. While the ethical debate as to the strategic default is still going on, many believe that this trend of walking away will raise the overall number of foreclosures and bring unwanted consequences. Please read the article below:
TIMES: After Walking Away from Mortgages-No Regrets
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