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Loan Modification

: The Truth About Mortgage.com

Economists: Massive Strategic Default Won?t Occur

By scot184

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A pair of BBVA economists don’t believe massive strategic default will occur in the United States. The Spanish bank analysts noted in a research report that negative equity is a necessary condition for default, but not a sufficient one. They added that most states in the nation are recourse states, meaning mortgage lenders can recover mortgage debt [...]

Full post as published by The Truth About Mortgage.com on November 15, 2010 (boomark / email).

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