Report: More Than a Third of Americans OK with Strategic Default
By Carrie Bay | 09/17/2010
With housing woes capturing front-page headlines in the United States, the odds of distraught homeowners becoming even more frustrated and opting to abandon their mortgage obligations has become a growing concern within the industry.
A survey by the Pew Research Center found that more than a third - 36 percent - of Americans believe the practice of "walking away" from their mortgage payments and their home is acceptable, at least under certain circumstances.
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