Making the Choice Between Walking Away or Hanging onto Your Underwater Mortgage

For many home owners, the past year has kept them awake at night wondering about their future in their current homes. Home owners with underwater mortgages are in a tough place these days; with a long climb back out of the recession and more economic uncertainty likely in the near future, it is hard to know at which point you are better off holding on to a home that is worth far more than you owe on it and at which point you’re better off walking away from it.
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