The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Les H who wrote (84229)	8/9/2007 3:23:31 PM
From: Les H	Read Replies (2) of 306849

Collegeville, Pa.: Any thoughts on CNBC's money guy Jim Cramer telling homeowners that if they bought in the past two years with no money down in an area that's losing value, to just simply walk away and mail your keys in? Amazing that he said that with little commentary from the public -- he's advocating NOT paying your mortgage! Elizabeth Razzi: I'm more of a "my word is my bond" kinda gal when it comes to debts, and I don't think I'm alone in that. Maryann Haggerty: There are moral implications to just walking away from a legitimate debt. (And it plays havoc with your credit rating, if you care about that.) Oh, and the bank is likely to come after you... washingtonpost.com

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