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Jonathan Sweet - Remodeling Notes


Jay Sweet
As senior editor of Professional Remodeler, a lot of information crosses my desk. This blog will be a chance to share some of that with you, with an immediacy not possible with a monthly magazine. It's also your chance to tell me what you think about what I have to say. Whether you agree or disagree, I hope you won't be shy.

Wednesday, January 30, 2008

Walking away from mortgages

Jan 30 2008 8:17AM | Permalink | Email this | Comments (0) |
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On Monday, I mentioned in passing the media's obsession last week with the idea of people who can afford their mortgages walking away from them anyways.

So lo and behold ... what comes to my attention today, but a company that's trying to make a quick buck off this "trend," called You Walk Away: http://www.youwalkaway.com/. This thing has gotten scam written all over it, but I still thought it was interesting. (hat tip to The Consumerist blog).

Also, in case you missed it, here's the "60 Minutes" piece on the mortgage mess, which also discusses this idea of walking away (amongst other things.):

http://www.cbsnews.com/sections/i_video/main500251.shtml?id=3756665n

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