This news story has 1 comment: - Seekingalpha.com
Story date: 2009-06-27 04:12:00
Added on: 2009-06-27 21:58:19
The reason that defasults are so high in CA, FL, NV and AZ is becasue these are the 4 "no recourse" states - essentially when you walk away from the mortgage, you are free and clear. In the other 46 states, you sign a NOTE at the mortgage table ...
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