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Chamillionaire Strategically Defaults on His Mortgage

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RIDIN' DIRTY, THINKING CLEARLY
"The rapper Chamillionaire recently alerted many of his fans to the concept of a strategic default -- a rather high-end personal finance concept. The rapper was asked about one of his homes that went into foreclosure in a recent interview, and explained why he let the house go deliberately, rather than working to keep up with the mortgage payments."
SOURCE:   BV on Money

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