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Loan Modification

: Loan Modification & Home Loan News

?Strategic default? or ?strategic foreclosure? ? no longer a social stigma

By Moe Bedard

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The terms “strategic default” and “strategic foreclosure” are somewhat synonymous. Homeowners in these tough economic times are faced with the daunting dilemma of whether or not to deliberately default on their mortgage as a way to secure a loan modification, short-sale, principal reduction, or return the home through deed-in-lieu of foreclosure. Considered as a viable strategy [...]

Full post as published by Loan Modification & Home Loan News on May 31, 2010 (boomark / email).

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