Americans choosing to abandon mortgages - MoneySense

Americans choosing to abandon mortgages

More people are deciding that it’s just not worth it to continue to make payments on homes that have dropped in value.

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In the United States, more people are deciding that it’s just not worth it to continue to make payments on homes that have dropped in value. Even if people can afford to make the payments, they’re walking away from their homes, given that the amount the owe is now greater than the value of the property, due to the market declines of the last few years.

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