CBS weighs in on strategic mortgage defaults

The Wall Street Journal has been publishing about strategic mortgage defaults for a while now, and probably coined the phrase.

In April, I posted on the topic after an NBC report.  CBS filed it’s story on the subject on the May 9, 2010edition of 60 Minutes:

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This is just another indicator that it will be a while before the real estate market stabilizes. How do you feel about the so-called strategic defaults?  Would you walk away if you could still afford to keep your home?

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Tagged as: CBS News, mortgage, real estate, strategic default