Article On Strategic Defaults

I ran across this article from U.S. News & World Report, dated 1/19/10 concerning “strategic defaults”: http://www.usnews.com/money/personal-finance/real-estate/articles/2010/01/19/strategic-defaults-and-the-foreclosure-crisis.html The article is interesting in that it summarizes various facets of the “strategic default” situation and presents an interesting example of the dynamics that one “underwater” homeowner faces.  I have mentioned “strategic defaults” on numerous occasions.  It is a very important “wildcard” … Read moreArticle On Strategic Defaults

Wall Street Journal Article On “Strategic Defaults”

Yesterday The Wall Street Journal had an article titled “Debtor’s Dilemma: Pay the Mortgage or Walk Away.”  Here is the link: http://online.wsj.com/article/SB126100260600594531.html The article has a variety of statistics and views on the issue of “strategic defaults.”  As well, it discusses the legality and consequences of such. I have previously written numerous blog posts on the issue of … Read moreWall Street Journal Article On “Strategic Defaults”

“Underwater” Mortgages and “Strategic” Defaults

This article caught my interest; it is titled “About half of U.S. mortgages seen underwater by 2011”: http://www.reuters.com/article/companyNewsAndPR/idUSN0526831020090805 Apparently their projections for “underwater” mortgages is based upon their forecast quoted in the article: “Covering 100 U.S. metropolitan areas, Deutsche Bank in June forecast home prices would fall 14 percent through the first quarter of 2011, … Read more“Underwater” Mortgages and “Strategic” Defaults