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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 ...
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).
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 ...
By Brendon DeSimone These are trying times for many homeowners. Walk away from a mortgage? Something that was unthinkable and morally offensive 10 years ago is now an option many people are choosing.
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: ...
Do borrowers who decide to walk away from their mortgages by choice share certain characteristics? The answer appears to be yes. A leading credit bureau partnered with a management consulting firm ...
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 ...
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 ...