Ar_home_b_search
 



lead generation: Would You Recommend a Strategic Default to Your Clients? - 12/07/11 12:01 AM
Wikipedia offers us the following definition of Strategic Default:
A strategic default is the decision by a borrower to stop making payments (i.e., to default) on a debt despite having the financial ability to make the payments.
This is particularly associated with residential and commercial mortgages, in which case it usually occurs after a substantial drop in the house's price such that the debt owed is (considerably) greater than the value of the property — the property has negative equity or is "underwater" — and is expected to remain so for the foreseeable future, such as following the bursting of a real estate bubble. Such borrowers are called "walkaways." The process … (9 comments)

 
May_2010_049 Ambassador_large

Rich Jacobson Your Kitsap County WA Real Estate Broker

Silverdale, WA

More about me…

Keller Williams West Sound Realty

Address: Silverdale, WA, 98383

Office Phone: (360) 499-6367

Cell Phone: (360) 440-4758

Email Me

Providing Knowledgeable Empowerment and Relentless Representation of Real Estate Clients throughtout the Western Puget Sound, including all of Kitsap County WA, and portions of Mason, Pierce, and Jefferson Counties.

"Helping You to Successfully Achieve Your Next Adventure in Life!"

Rich Jacobson
Rich Jacobson
Create Your Badge



Listings

Links

Archives

RSS 2.0 Feed for this blog