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(Image from article: "More homeowners are opting for 'strategic defaults'")

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More homeowners are opting for 'strategic defaults'

Underwater on their mortgages and angry at banks, more borrowers are choosing to hand over the keys, even if they can afford the payments. Wynn Bloch has always dutifully paid her bills and socked away money for retirement.

Pay the Mortgage or Walk Away?

A growing number of homeowners are considering a "strategic default," walking away from their mortgages not out of necessity but because they believe it is in their best financial interests.

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