Walking Away: The New Calculus

If the statistics are to be believed: “strategic default” – the act of voluntarily walking away from one’s mortgage – is now becoming quite fashionable. According to the latest estimates, more than 30% of foreclosures are strategic defaults, compared to 20% in 2009. However, the calculus of “strategic default” is changing, such that you need [...]

Source: http://news.mortgagecalculator.org/walking-away-the-new-calculus/

housing recovery short sale approval refinancing mortgage