Strategic Defaults seem to really be picking up steam and I notice many people don't feel the "moral" bind to their houses and mortgage anymore.
And the more people that do these, drag housing prices down further, which in turn will cause more Strategic Defaults.
It is almost like a house of cards.
Anyone been through a Strategic Default?
Or know anyone who has?
Experiences?
Thoughts?
And the more people that do these, drag housing prices down further, which in turn will cause more Strategic Defaults.
It is almost like a house of cards.
Anyone been through a Strategic Default?
Or know anyone who has?
Experiences?
Thoughts?