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Most Banks have already written off the bad loans so anything they can get from the house sale/auction is gravy even if it's below the balance due.
I've been told that the dead beats are also trashing their houses because they were scum bags that shouldn't have been approved for the loan anyway. They just stop paying and live for a year rent free until the Bank boards the house up and by then the house is trashed.
These dead beat loans started when Clinton was President and continued under Bush and now we have about a million home owners who should be renting !
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