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A mortgage is a loan that is secured by real property (land, buildings).

15 votes

Why would you let your mortgage default if you can afford to keep paying it?

Let's say your house used to be worth 400k and you had a mortgage for that amount. … It's worth noting that the concept of being able to walk away from your mortgage by returning the keys to the house isn't universal. …
Eric Nolan's user avatar
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