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Real Estate News

September 25, 2012

First In Trouble -- and Last Out

Why are the homeowners who can most benefit from strategic default on underwater mortgages the least likely to choose it?


Why are the homeowners who can most benefit from strategic default on underwater mortgages the least likely to choose it? New research by the Marketing Division's Norman Eig Professor of Business Eric Johnson with help from the Paul Milstein Center for Real Estate seeks to understand the mortgage choices that American homeowners made while the housing bubble inflated. 

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