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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

   "More banks walking away from homes, adding to housing crisis". The Chicago Tribune . Mortgage Foreclosures: Additional Mortgage Servicer Actions Could Help Reduce the Frequency and Impact of Abandoned Foreclosures , vol. GAO-11-93, Washington, D.C.: United States Government Accountability Office, November 15, 2010

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

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

   Because in some cases, it makes good business sense to walk away from a bad investment -- just like the banks do all the time. Skip to main content. 24/7 Help. For premium support please call: ...

5. 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 ...

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

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

   Peter Safronoff drives a Hyundai and lives in a rental bungalow in Encinitas, Calif., a beach community north of San Diego. At 63, it's not the golden-years lifestyle the financial consultant ...

7. 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 ...

8. Subprime crisis background information - Wikipedia

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

   An estimated 8.8 million homeowners (nearly 10.8% of the total) have zero or negative equity as of March 2008, meaning their homes are worth less than their mortgage. This provides an incentive to "walk away" from the home, despite the credit rating impact. [35]

9. Walk Away From Your Mortgage: A Good New Beginning? - AOL

   www.aol.com/news/2010-06-02-walk-away-from-your...

   Christy Annis, who lives in a condo in the Atlanta area, got her law degree and spent 12 years in corporate America. She lost her job in June 2009 and decided it was time to reinvent her life by ...