In the wake of the housing meltdown, strategic defaults, or walkaways, continue to be a popular way to dispose of a home whose value has dropped significantly below the mortgage balance. Those using this option can usually afford their house note, but choose to move on to housing that offers more value for their money.Sites […]
CBS weighs in on strategic mortgage defaults
The Wall Street Journal has been publishing about strategic mortgage defaults for a while now, and probably coined the phrase. In April, I posted on the topic after an NBC report. CBS filed it’s story on the subject on the May 9, 2010edition of 60 Minutes: Watch CBS News Videos Online This is just another […]