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Can I Just Walk Away From a House and Its Mortgage?
A personal financial columnist briefly explains how walking away from a mortgage can be detrimental to your credit rating and could make it difficult for you to buy another home for some time. Also describes how alternatives such as foreclosure, deed in lieu of foreclosure, and short sales can also negatively affect your credit score.
http://asklizweston.com/2005/06/13/can-i-just-walk-away-from-a-house-and-its-mortgage/
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