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03/21/10
More owners opt to walk and leave mortgages behind
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 3:59 pm

More Phoenix-area homeowners are walking away from their mortgage payments, and many more are likely considering it.

These are not people losing homes due to severe financial problems. “Walking away” now also describes people who can make their payments but don’t want to because they owe much more than their home is worth.  more…


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