Sunday, March 21, 2010
Monday, March 15, 2010
Americans Walking Away From Mortgage Obligations. This is an interview with Kendra Todd, a host with HGTV's "My House Is Worth What?". This is an introductory blurb on strategic defaults and why a short sale is better. While she argues a short sale is better than a strategic default, there are times a lender will not forgive the difference left over after a short sale. Furthermore, a strategic default can provide better financial results for certain individuals or businesses depending on their unique set of facts. The point is...all the news stations are taking about strategic defaults.