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Posts Tagged ‘walk away’

Walking Away From Mortgage

In Uncategorized on May 11, 2010 at 10:41 am

60 Minutes had a recent segment on people who choose to walk away from their homes due to negative equity. Doing so requires careful consideration of tax consequences and the effect on credit scores. The mortgage company can pursue you on the debt. The video is at
http://www.cbsnews.com/video/watch/?id=6470184n&tag=api