Last month a study from the credit reporting agency Experian and consulting outfit Oliver Wyman estimated that close to a fifth of troubled mortgages involved borrowers who were "strategically" defaulting--walking away from mortgages they could pay but decided not to because they owed more than their houses were worth.
http://www.huffingtonpost.com/2009/10/12/strategic-mortgage-defaul_n_317756.html
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