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Banks Watching Strategic Defaults Closely

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Uploaded by on Jun 28, 2010

http://shortsalepowerhour.com/power-hour/strategic-default/
Kevin and Fred discuss the banking industry's latest changes regarding strategic default.

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  • @drumsmetalheavy11 It all depends... could be the investor, could be former homeowner, or it could be the mortgage insurance company. too many variables to make a board statement.

  • Question, who's stuck with the bill when the person walks from the home? I believe it's ultimatley the taxpayers who is on the hook, because the gov. will just provide another Bailout to the banks.

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