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Why Not Just Walk Away From a Home?
URL: http://www.npr.org/templates/story/story.php?storyId=18958049

Description:
This February 2008 article discusses companies that suggest home owners voluntarily walk away from their mortgages, "engaging in a practice the mortgage industry calls 'ruthless default'" instead of going through the foreclosure process. Also describes alternatives to foreclosure or walking away that borrowers should consider. From National Public Radio (NPR).

LII Topics: Consumer Research & Advocacy, Credit, Home Buying & Financing, Housing, Mortgages

Author:
Weiner, Eric

Publisher:
National Public Radio (NPR)

LII Database Information:
Record 25613 created by Maria Brandt on 03/03/2008
Last modification on 03/04/2008
Published: 03/13/2008  
Funding agency: California State Library
LII Item ID: http://lii.org/cs/lii/view/item/25613

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