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Real Estate & Property Law

: The Home Equity Theft Reporter

The Double Standard Of Stategic Defaults - OK For Businesses, Unethical For Homeowners, Say Financial Industry Apologists

By r morris

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A recent story in The Palm Beach Post on the use of strategic defaults by homeowners who are underwater on their homes (where the money owed on their mortgage loan exceeds their home value) had this excerpt highlighting the apparent hypocrisy by those whose arguments against the manuever are limited to the context involving homeowners, and not businesses:In the business world, strategic default

Full post as published by The Home Equity Theft Reporter on March 01, 2011 (boomark / email).

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