More Homeowners Intentionally Defaulting On Mortgages

Those Walking Away From Mortgages Aren't Who You'd Expect

Like so many American homeowners, he lost his job in the financial crisis and watched the value of his house plunge. Unable to modify his loan -- and unwilling to push himself into complete financial ruin to keep his condo -- he made a strategic decision to pack his bags and leave the keys for the bank.

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