Strategic Default of Mortgage on Underwater Home
This video discusses under what circumstances a borrower may choose to walk away from their underwater home even if they can afford to make the mortgage payment. Topics include foreclosure deficiency judgments and potential for the lender to pursue the borrower upon default of their mortgage loan.
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Duration : 0:2:17
ABC’s Robin Roberts interviews financial expert Dave Ramsey about the dangers of walking away from a home mortgage. Stay tuned to end of the interview for USA Home Buy
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