2

What is a Strategic Default?

A strategic default is when a homeowner walks away from their home when they owe more on the home than it is currently worth. In some circumstances, the homeowner can afford to make the mortgage payments, but due to the decreased value of the home under the current market conditions, they feel it is a [...]

Created by FiestaMaster 5 weeks 3 days ago – Made popular 5 weeks 2 days ago
Category:   Tags:

Similar Deals

Strategic mortgage defaults: The pros and cons 15 weeks 5 days ago
Strategic Defaults: Buy Now, Default Later 3 weeks 6 days ago
Bank of America Encourages Homeowners to Modify Mortgages, Not Default 13 weeks 3 days ago
A Functioning Market Niche 1 year 11 weeks ago

BankFiesta is a social deal finding site that specializes in all things finance.
You can submit the latest deals and articles in Banking, Credit Cards, Mortgages and Personal Finance.
 
We like money saving deals and we want to share them with the rest of our community. BankFiesta is currently in beta and accepting new users.

Broker Reviews

Looking for an online stock broker? Check out our latest detailed reviews and add your comments:

more

Recent comments