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Bailout

: Calculated Risk

60 Minutes on Walking Away

By Anonymous

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Here is a 60 Minutes piece on Walking Away, aka 'Strategic Defaults' and as ' Ruthless Defaults' by lenders. (ht Michael).

Just a note - anyone considering this should talk to an attorney, and they should also talk with their lender. If it can be arranged, a short sale is much better than a foreclosure for all parties ...

Full post as published by Calculated Risk on May 10, 2010 (boomark / email).

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