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Old 24th Oct 2010, 16:21
  #75 (permalink)  
FFP
 
Join Date: Dec 2002
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I don't think it does (but don't quote me) The US do. In the case of a move (PCS) you can "sell" your house to the government who then "sell" it on at a loss. You get to walk away from being upside down on your mortgage, but you also don't own anything.

Simplified but that's the deal in essence.
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