Strategic Default | FORECLOSURE FRAUD | by DinSFLA

Tag Archive | "Strategic Default"

Strategic defaults continue to rise in U.S.

Strategic defaults continue to rise in U.S.


This is what will do the banks in… Payback will be a bitch!

KSL-

Considered a viable strategy for managing troubled assets in an era of high unemployment, record foreclosures and government bailouts, millions of Americans are considering strategic defaults.

With almost 12 million mortgages underwater, a growing number of homeowners are simply walking away from the places they call home.

Strategic defaults, also known as strategic foreclosures, often take mortgage lenders by surprise because homeowners generally have had excellent credit histories and have previously met all their other financial obligations.

One of the distinguishing factors between a strategic default and other mortgage defaults is that the strategic default is a deliberate business decision. The homeowner has the ability to make payments but simply decides not to because the property value is less than the balance owed on the mortgage.

[KSL]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Millions Of Americans Are Realizing They Can Default On Their Mortgage And Live Scot-Free For Years

Millions Of Americans Are Realizing They Can Default On Their Mortgage And Live Scot-Free For Years


And… Millions of Americans Are Realizing their titles are flawed…and millions more know better than buying a foreclosed house because the banks can’t prove they own the home they foreclosed on.

Best of all Millions of Americans know for a fact banks are stealing our homes!

Business Insider-

If you’re planning on ditching your mortgage payments and letting your home fall into foreclosure, now just may be the time to do it.

Thanks to record long waits for foreclosure reviews this year, 40 percent of homeowners in default have been sitting pretty in their homes for the last two years without paying a dime, CNN Money reports.

And they know exactly what they’re doing.

[BUSINESS INSIDER]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Mortgage Bankers Association Strategic Default

Mortgage Bankers Association Strategic Default


Hilarious!

What happens when the Mortgage Bankers Association walks away from their $79,000,000 dollar building!


The Daily Show With Jon Stewart Mon – Thurs 11p / 10c
Mortgage Bankers Association Strategic Default
www.thedailyshow.com
Daily Show Full Episodes Political Humor Rally to Restore Sanity
© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Kenneth Eric Trent, www.ForeclosureDestroyer.com

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