foreclosure

Street Cents
5:17 am
Tue March 1, 2011

Walking away from a mortgage

An abandoned home in Prescott, Arizona, one of the areas with a high foreclosure rate, according to Richard Hagar.
Richard Hagar

It's happening all over the country, including in the Pacific Northwest. People are walking away from their mortgages. In most cases, the homes that are being abandoned are valued for less than their mortgage. 

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