The foreclosure crisis is loosening the traditionally strong tie homeowners have with their homes. New findings from FICO's latest quarterly survey of bank risk professionals indicate one way the slow recovery will affect distressed homeowners in 2012 is increased propensity for “strategic default.”

Up to 46% of the respondents expect the volume of strategic defaults in 2012 will surpass 2011 levels given that over 25% of U.S. homeowners are “underwater” or owe more on their mortgages than their homes are worth.

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