Strategic default

mortgage debt

Should You Walk Away from Mortgage Debt You Can’t Afford?

If you’ve been struggling to keep up with mortgage payments for a while and simply can’t afford your home loan, walking away from your mortgage may be a last resort. In the wake of the recession, millions of Americans have had to give up the American dream of living in their own house and have …

Should You Walk Away from Mortgage Debt You Can’t Afford? Read More »

foreclosure

Strategic Default: 7 Things Homeowners Are Doing With the Money they Save

We keep hearing a lot about strategic defaults and about how people are increasingly walking away from their homes because they see them as bad investments. Up until now, a fairly clear picture has emerged of the profile of the average strategic defaulter. Research shows that these individuals typically have better FICO credit scores, larger …

Strategic Default: 7 Things Homeowners Are Doing With the Money they Save Read More »

strategic default

How Will a Strategic Default Impact My Credit Score?

If the effects of the recession have left you with a home or condo that is worth less than the amount of your current mortgage balance, you may have considered a strategic default. A strategic default is when a borrower decides to default on their mortgage – basically refuses to make payments – and walks …

How Will a Strategic Default Impact My Credit Score? Read More »

Scroll to Top

Stay Informed with Our Exclusive Newsletter!

Subscribe to our newsletter and never miss out on the latest updates, exclusive offers, and insightful articles.

We respect your privacy!