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2. Walking Away From Mortgage: What to Consider - AOL

   www.aol.com/2011/01/21/walking-away-from...

   Walking away from your mortgage has become a trend as more homeowners find themselves underwater -- that is, their home is worth less than their mortgage. But as Ann Brenoff explains, at our ...

3. Bank walkaway - Wikipedia

   en.wikipedia.org/wiki/Bank_walkaway

   A bank walkaway is a decision by a mortgage lender (a bank) to not foreclose on a defaulted mortgage (when the borrower has ceased to make the payments), or to not complete foreclosure proceedings (to "walk away" from the mortgage).

4. Strategic default - Wikipedia

   en.wikipedia.org/wiki/Strategic_default

   A strategic default is the decision by a borrower to stop making payments (i.e., to default) on a debt, despite having the financial ability to make the payments.. This is particularly associated with residential and commercial mortgages, in which case it usually occurs after a substantial drop in the house's price such that the debt owed is (considerably) greater than the value of the ...

5. Our dream retirement home was swept away by a hurricane - AOL

   www.aol.com/finance/dream-retirement-home-swept...

   The house serves as collateral guaranteeing the loan, but you don't just get to walk away from your contractual obligations if something happens to the collateral. After all, you still borrowed ...

6. Five Things to Do Before You Walk Away From Your Mortgage - AOL

   www.aol.com/news/2011-01-21-five-things-to-do...

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7. Subprime crisis background information - Wikipedia

   en.wikipedia.org/wiki/Subprime_crisis_background...

   This major and unexpected decline in house prices meant that many borrowers have zero or negative equity in their homes, meaning their homes were worth less than their mortgages. As of March 2008, an estimated 8.8 million borrowers — 10.8% of all homeowners — had negative equity in their homes, a number that is believed to have risen to 12 ...

8. Walking Away From Your Mortgage: 3 Reasons It's a Bad Idea - AOL

   www.aol.com/news/2010-06-15-walking-away-from...

   If all the stories in recent months about walking away from your mortgage are to be believed, the practice of not paying this once-sacred obligation has become, if not quite acceptable, then at ...

9. Who Walks Away From a Mortgage? Not Whom You'd Expect - AOL

   www.aol.com/2011/05/11/who-walks-away-from-a...

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