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Tag: Pay or walk away

Strategic Defaults: CBS and 60 Minutes Follow Oppenheim Law’s Lead

Strategic defaults are here to stay: It’s estimated that at least 1 million homeowners who can afford to pay their mortgage chose to simply walk away last year, according to CBS and 60 Minutes. After doing the math and watching property values shrink in some instances to less than half of what’s owed on a mortgage, homeowners are opting to […]