Subscribe and receive email notifications of new blog posts.
RSS Feed
As prices continue to soften, more and more homeowners will fall into a position of negative equity on their homes. This means that the balance on their mortgage is greater than the value of their home. The reason this is important is that people are more prone to strategically default on their mortgage when 'underwater'.
Let's first define strategic default in simple terms. According to Wikipedia: A strategic default is the decision by a borrower to stop making payments (i.e. default) on a debt despite having the financial ability to make the payments. This is particularly associ...
We respect your concerns about privacy and value the relationship that we have with you.
Like many sites, we use cookies on our website to collect information to help improve your browsing experience. The cookies that we use allow our website to work and help us to understand what information is most useful to visitors.
For the best website browsing experience, please enable cookies. Go here for instructions on how to enable cookies on your browser.