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Monday, January 30, 2012

What Happens When You Walk Away From Your Home? - Yahoo! Finance

What Happens When You Walk Away From Your Home? - Yahoo! Finance

An auction signs sits in front of a foreclosed home, Nov. 10, 2010 in Valrico, Fla. (AP Photo/Chris O'Meara)

Abandoning your mortgage—what happens

For many with home loans under water, a "strategic default" is a controversial and difficult choice.

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