Article On Strategic Defaults

I ran across this article from U.S. News & World Report, dated 1/19/10 concerning “strategic defaults”: 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 more Article 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: 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 more Wall 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”: 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