Q: Do you ever address strategic default on rental property? I owe $135,000 on a property that is worth only $65,000. A: Strategic default — hardly any topic in real estate raises hackles quite like ...
James Surowiecki has a column this week on strategic default that implies that we should end the double standard on strategic default which lets corporations walk away from unprofitable real estate, ...
When David Valadez walked away from his home loans, he drew some criticism. Friends told him: “You have a contract with the lender and it’s wrong to quit paying your mortgage just because your ...
Forbes contributors publish independent expert analyses and insights. Robert Farrington writes about higher education and student loans. Student loan default is widely regarded as a giant financial ...
Who would risk the negative impact of defaulting on a mortgage if they didn't really have to? About 17 percent of Americans who defaulted on their mortgages in the second quarter of 2010 did exactly ...
When David Valadez walked away from his home loans, he drew some criticism. Friends told him: “You have a contract with the lender and it’s wrong to quit paying your mortgage just because your ...
If faced with a deeply underwater mortgage, most economists and homeowners agree they would not strategically default, according to dual surveys from Zillow Inc. Nearly three-quarters of economists ...
Q: Do you ever address strategic default on rental property? I owe $135,000 on a property that is worth $65,000. A: Strategic default – hardly any topic in real estate raises hackles quite like this ...
I'm not necessarily an expert on financial morality, yet I want to be. I want to know what the right thing to do is, in every single instance. I feel like I generally do, but even that assertion seems ...
We’ve been concentrating on the housing crisis over the past several days here on the Business Desk. For the rest of the week we’ll be focusing on the issue of strategic default. If you’re an ...
When David Valadez walked away from his home loans, he drew some criticism. Friends told him: "You have a contract with the lender and it's wrong to quit paying your mortgage just because your ...