Selasa, 11 Mei 2010

Strategic Default Video Goes Viral...Will Actual "Walking Away" Get Contagious, too?

While one local media source was suggesting now is the time to buy a house, the widely-read RE blog RealCentralVA focussed on mortgage holders who want to bail on the debt they're renting. 

A "strategic default" occurs when a mortgage holder lets the property go into foreclosure even though the debtor can still afford the payments, typically when the value of the property has declined so much

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