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Loan Modification

: Loan Modification & Home Loan News

Strategic Mortgage Defaults Test Moralists

By Moe Bedard

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While many of these 4 million homeowners really can’t afford to stay in their homes, there’s an emerging group who are making a strategic decision to walk away from their homes. It’s hard to pinpoint the numbers but lawyers for mortgage companies are reporting increased incidence of strategic foreclosures. Bankruptcy lawyers say that if homeowners are [...]

Full post as published by Loan Modification & Home Loan News on February 17, 2010 (boomark / email).

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