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04/25/10
Buyers have no moral duty to lenders
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 5:52 pm

As a result of the housing collapse, many Arizonans have seen their homes lose half of their value. Many owe several hundred thousand dollars more than their homes are worth and are unlikely to dig out of their negative equity hole for decades.

For these homeowners, the American dream has become a nightmare - and their financial future is dim.   more…


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