An intentional default on mortgage payments by the borrower. This strategy is used when the value of the real estate is lower than the debt, thus the borrower prefers to renege on the debt rather than own a property with a low value. Borrowers than use this technique are often referred to as walkaways.
Related information about strategic default:
- Strategic default - Wikipedia, the free encyclopedia
A strategic default is the decision by a borrower to stop making payments (i.e., to default) on a debt despite having the financial ability to make the payments.
- The Strategic Default Monitor ®
Nov 4, 2012 ... StrategicDefault.org is the original online website providing free walk away and strategic default advice. The Strategic Default Monitor.
- StrategicDefault.com - Strategic Default Stories And Strategic ...
Strategic Default Journal – Strategic Default Tips. ... StrategicDefault.com – Strategic Default Stories And Strategic Default Video Journal · Home · All Posts ...
- Short sale or strategic default is fraught with costs - Chicago Tribune
Sep 8, 2012 ... Q: I lost my job in Atlanta, but I have been offered a position in another state. I am currently working with a real estate company trying to sell our ...
- Strategic Default: Business, Not Personal | Bankrate.com
Mar 18, 2012 ... Tempting as it is to walk away from a mortgage, strategic default can have nasty costs.
- Americans OK With Strategic Default - Business Insider
Oct 4, 2012 ... All underwater homeowners eventually come to a crossroads: Either continue funneling money into a home that costs more than it's worth or ...
- How To Strategically Default On Your Home - Business Insider
Dec 30, 2011 ... The idea of "strategic default" -- walking away from your mortgage -- begins with a basic calculation: Is the amount you owe on your mortgage ...
- Articles Related to Strategic Default - AOL Real Estate
More Americans Consider Strategic Default on Mortgages an Acceptable Option. By Credit.com(RSS). Oct 8th 2012 2:30PM. More Americans Consider Strategic ...