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February 4, 2010
As Values Slide, More Weigh Walking Away From Mortgages
New research suggests that when a home’s value falls below 75 percent of the amount owed on the mortgage, the owner starts to think hard about walking away, even if he or she has the money to keep paying.
via As Values Slide, More Weigh Walking Away From Mortgages – NYTimes.com.
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