Video - How to Walk Away From Your Mortgage - 60 Minutes - May 9, 2010
This was rebroadcast recently on CBS, so we decided to republish it for those who missed it the first time around.
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More than a million Americans walked away from homes "underwater" or worth less than their mortgages even though they could afford the payments. Morley Safer reports on this trend, called strategic default, that threatens the economic recovery.
Related:
A bank that only lends to walk-aways?
JPMorgan Warns Investors About Walk Aways
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