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It's Time to Walk Away From Underwater Mortgages Despite What Bankers Tell You

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Uploaded by on Sep 6, 2010

With millions facing foreclosure and almost 25% of homeowners underwater owing more to the bank than the house is worth,one man says stop paying . Jon Maddux of You Walk Away tells homeowners to stop paying the bank and live rent free, then walk away. His company sells advice on a process he calls strategic default. Investigative guy John Mattes takes a look at a company banks hate.

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