STRATEGIC DEFAULT - INFORMATION YOU SHOULD HAVE BEFORE YOU DECIDE TO WALK AWAY FROM YOUR MORTGAGE

By BRENDA ROGERS

Real Estate Agent with WEICHERT REALTORS/PROPERTY PARTNERS TREC# 0558222

June 21, 2010 03:30 AM

STRATEGIC DEFAULT

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Robert Rauf

CMG Home Loans - Toms River, NJ

strategic defaults leave a bad taste in my mouth... May as well say "moral decay"

Jun 21, 2010 03:42 AM

Jeffrey Smith

Author of 'Realtors Guide To Short Sale Success - Eustis, FL

Short Sale Education

Yes and no. What the banks don't want their borrowers to know is that they, themselves, do a strategic default now and then on property that they have invested in. I know, I know, 2 wrongs don't make it right (but 3 lefts do) but who wants their morality put at the same level as the greedy, heartless, banks?

Jun 21, 2010 06:45 AM