Professor: Fear, Shame Keep Homeowners From Defaulting - Congoo

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Professor: Fear, Shame Keep Homeowners From Defaulting

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Red Orbit | November 06, 2009

Millions of American homeowners are "underwater" on their mortgages â?? owing more than the value of their homes â?? and would be better off walking away. That is the suggestion Brent T. White, a University of Arizona associate professor of law, makes in his newly released working paper, "Underwater...

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