Thomas Showalter

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White Paper Sees Strategic Defaults Rise with Negative Equity

Dec 08, 2009By

More than one quarter of mortgage defaults are strategic — when a borrower chooses to default because the property that secures the loan is worth less than the remaining balance of the mortgage, according to a white paper (available to download here) written by a trio of university scholars.

3d rendering of a row of luxury townhouses along a street

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