More Phoenix-area homeowners are walking away from their mortgage payments, and many more are likely considering it.
These are not people losing homes due to severe financial problems. “Walking away” now also describes people who can make their payments but don’t want to because they owe much more than their home is worth.
Metro Phoenix’s 50 percent drop in home values has left tens of thousands of homeowners here underwater, owing more than the market value of their house.
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Well i just wana know that which ‘ll be the next move by the government. I am very conscious about this problem. I have made my all payments.