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IPFS News Link • Housing

When Is It Cheaper to Ditch a Home Than Pay

06-28-2009 • blogs.WSJ.com

One out of four defaults on mortgage loans is “strategic,” a new study says, due to a mortgage’s value exceeding the value of a house even if the homeowner can afford to pay.

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Reported By Jack Gregson

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When Is It Cheaper to Ditch a Home Than Pay

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