Category Archives: Everything About Foreclosures

Everything about foreclosures…from the default process to renters’ rights to national trends.

Consequences of strategic default not as bad as you think

Posted on May 26, 2011 by irvinerenter

Lenders want to keep the millions who would benefit from strategic default in a state of fear and confusion to compel the borrowers to keep paying. They would prefer to publicly endorse borrowers most macabre fantasies of strategic default while quietly soliciting new customers behind the scenes. Prior to the blog era, they might have been successful. Continue reading →

Posted in Foreclosures and Short Sales, Fresh Perspectives, Home Economics, Strategic Defaults, What You Need To Know About Buying and Selling Real Estate | Tagged Credit Scores, Foreclosures, Short Sales, Strategic Defaults, Walking Away | 1 Comment

Strategic default has become common and accepted in 2011

Posted on May 16, 2011 by irvinerenter

Fannie Mae noted in a recent press release that “Nearly Twice as Many Underwater Borrowers Think It Is Okay to Default Due to Financial Distress.” Has strategic default reached a tipping point in America? Continue reading →

Posted in Social Mood Swings, Strategic Defaults | Tagged Strategic Defaults | Leave a comment

Anticipating Strategic Defaults: Who is most-likely to walk away from their mortgage?

Posted on April 25, 2011 by HS

FICO has developed a predictive analytic solution that can determine which borrowers are more likely to walk away from their mortgages. This could help banks reach out to those borrowers ahead of time, reducing the number of strategic defaults in their portfolios. Continue reading →

Posted in Economic News, Foreclosures and Short Sales, Fresh Perspectives, Strategic Defaults | Tagged Foreclosures, Loan Modifications, Strategic Defaults | Leave a comment

Right-to-Rent Would Encourage Strategic Defaults

Posted on April 15, 2011 by irvinerenter

The right-to-rent proposal floating around Washington would crash house prices as loan owners everywhere strategically default to lower their monthly payments and stay in their houses. Continue reading →

Posted in Banking and Finance, Foreclosures and Short Sales, Fresh Perspectives, Home Economics, Strategic Defaults | Tagged right to rent, Strategic Defaults | 1 Comment

Squatters now average over 500 days in delinquency

Posted on February 9, 2011 by irvinerenter

The bottom line for struggling loan owners is that if they decide to quit paying their mortgage today, there is a good chance they will not get booted out of the property for nearly two years. Even then, they won’t have to wait long to get a new GSE loan. It shouldn’t be surprising that strategic default is on the rise.
Continue reading →

Posted in Foreclosures, Fresh Perspectives, Home Economics, Strategic Defaults | Tagged Foreclosures, Squatting | 1 Comment