Homeowners who ‘strategically default’ on loans a growing problem

A study shows that people who abruptly and intentionally abandon their mortgages often have high credit scores, in stark contrast with most financially distressed borrowers.

By Kenneth R. Harney

September 20 2009

Reporting from Washington — Who is more likely to walk away from a house and a mortgage — a person with super-prime credit scores or someone with lower scores?

The complete article can be viewed at: http://www.latimes.com/classified/realestate/news/la-fi-harney20-2009sep20,0,2560658.story