Strategic defaulting or 'voluntary foreclosure' is where homeowners who can afford the mortgage walk away from it because they figure it doesn't pay to keep up the payments on a house that's fallen considerably in value. I've... [read full story]
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Your credit score is determined by information gathered from credit reports from the three major credit bureaus: Equifax, TransUnion and Experian These three bureaus collect information from all your lenders about any money you...
When Sharon Sakson was laid off recently from her job as a television writer and producer, she burned through her savings to pay the $2,400 monthly mortgage on her home. But she soon decided it didn't make sense: Her home was...
Is it ok to let a home mortgage default? When a mortgage is well below the market value of the home, is it ok to walk away from that mortgage even if the borrower can afford to pay? Pros to Strategically Walking Away from a...
Joel Naroff, Investing & Markets, Consumer Loans, Construction & Real Estate, Economics Research, Mortgage, Real Estate, Real Estate Credit & Mortgages, Banking, Home Equity Loans, Loans & Financing, Economy, Demographics, Finance, Banking & Insurance, Residential Real Estate, Residential Real Estate Owning, Investing, Deutsche Bank, Citigroup, North America, United States of America, California
