After several years of struggles surrounding real estate, with foreclosures and short sales nationwide, many people these days consider it socially acceptable to strategically walk out on a mortgage. The local Jacksonville movers learned that 32% of people polled for ID Analytics, which represent 68 million people, say homeowners should be able to strategically default on their mortgages without facing any consequences. The All My Sons of Jacksonville learned that 13%, 28 million Americans, say hey would like to strategically default. And 17% know people who already have walked away from their mortgages. This mindset wasn't there when foreclosures and underwater mortgages first started popping up across America. But the real estate situation hasn't drastically changed for several years now and it seems like people have just gotten used to the environment.
It looks like the attitude towards credit scores have changed too, with 36% of people polled saying it's acceptable to have a poor credit score these days which represents 77 million people. And speaking about credit score, 35% of respondents felt they were more afraid these days about identity theft compared to five years ago which of course can damage a credit score.
What are your views regarding walking away on your mortgage?
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