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The Rich Walk Away: Million Dollar Foreclosures Increasing

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  • Real Estate Bargains and Deals | | 24 Feb 2012, 07:43 AM Agree 0
    The rich are like anyone else. They get in trouble financially, and they walk away. Whatever happened to taking on a debt and then paying it back? Yes, banks behaved badly, but people who took out the mortgages have responsibility, too. Why take out a mortgage knowing you will never be able to pay it back? "Strategic defaults" are just a fancy name for "deadbeat."
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