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Carlini's Comments: Jingle mail is increasing: People are walking away from underwater houses

Posted Feb 10 2010 10:06pm
As more houses become worth less than the mortgage that an owner has to paysome people are just mailing the keys back to the bank. People are just "walking away" from houses where the mortgage is more than what the house is worth. Jingle mail is increasing according to the New York Times.
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