community development district: There is No Strategy in Strategic Default for a Homeowner
- 02/05/10 05:46 AM
We cannot play by the old rules in today's times. The old rules and moral obligations oftentimes do not apply. The next wave of foreclosures are going to be the owners that have been paying their mortgages and their escalating fees despite the falling market. The ones that have been doing the right thing thinking that it will all pay off in the long run. These owners are coming to the conclusion that it is fiscally irresponsible to continue to pay on a home at the risk of their other financial needs. It not only is damaging to their personal financial position … (0 comments)
We cannot play by the old rules in today's times. The old rules and moral obligations oftentimes do not apply. The next wave of foreclosures are going to be the owners that have been paying their mortgages and their escalating fees despite the falling market. The ones that have been doing the right thing thinking that it will all pay off in the long run. These owners are coming to the conclusion that it is fiscally irresponsible to continue to pay on a home at the risk of their other financial needs. It not only is damaging to their personal financial position … (0 comments)
;)
;)
