Google

Saturday, May 21, 2011

Strategic default..and not in a game

Strategic defaults on mortgages - chicagotribune.com: "Strategic default — opting to walk away from a mortgage you can afford — isn't a new phenomenon in the housing crisis. But with home values continuing to decline, more owners are finding themselves in a position where they may see it as a savvy business decision to destroy their credit rather than wait years for prices to recover."

No comments: