Real estate blog entries tagged with homeowners by Denise Allen Realtor@ Chesapeake, Hampton Roads (Exit Realty Central)

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Home : Blogs : Denise Allen Realtor@ Chesapeake, Hampton Roads : Denise's Blog : Tag "homeowners"

homeowners: 3 Reasons the Term "Strategic Default" Is Misleadingre - 03/08/11 03:03 PM

3 Reasons the Term "Strategic Default" Is Misleading
In a recent study, the Chicago Booth/Kellogg School Financial Trust Index found that a full 36% of Americans would consider "strategic default"-another term for walking away from your mortgage-if they were underwater (owed more on their home than what it was worth).
Now that more than one in four American homeowners is "underwater," I feel that it's important for the community to know the truth about strategic default.
The truth is the foreclosure process carries with it credit issues, current and future employment challenges, issues with security clearance and possible debt collections.
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Denise Allen Realtor@ Chesapeake, Hampton Roads

Chesapeake, VA

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Exit Realty Central

Address: 1120 Eagle Way, Virginia Beach, Va, 23452

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