by Greg Diodati
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by Greg Diodati
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Will strategic defaults be the next wave of foreclosures coming to flood our market? Read the article from DSNews below,
An alarming number of homeowners see strategic default as a viable option should their home continue to depreciate. Almost half of the homeowners participating in an online poll from Housing Predictor say they will walk away from their mortgage obligation if falling home values persist.
Five years into the housing downturn, and Housing Predictor found that 47 percent of those surveyed would intentionally stop making their mortgage payments even if they could afford to in order to get out from under the sinking investment of home-sweet-home.
via Survey Suggests More Homeowners Are Open to Strategic Default.
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