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60 Minutes Story on “Strategic Defaults” in Real Estate – Walking Away is it Right?

Last night on 60 Minutes they had an interesting report on people who owe more money on their home mortgage than they could sell their house for. This is known as being “Underwater” on your home.

More and more people who are Underwater on their homes are choosing to walk away from their loans and homes in a Strategic Default.

Watch CBS News Videos Online

What do you think about this trend?

If you or someone you know needs to BUY or SELL Real Estate? Call me and I will help!

Randy Randolph Uber Agent

Randy Randolph

Uber Agent

206-234-3647 cell

randy@randyrandolph.com

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May 10, 2010 Posted by | real estate | , , , , , , , , | 1 Comment