Steve Yoder, FiscalTimes

More Mortgage Walk-Aways

A survey early last year by three economists estimated that the proportion of strategic walkaways rose from 26 percent of all defaults in March 2009 to 35 percent in September 2010. With 15.3 million homeowners (or 31 percent of all homeowners) now paying on houses that are underwater, hundreds of thousands more people may have plans to abandon mortgages that they could continue to pay.

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