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Tag Archives: Strategic Foreclosure
Strategic default is moral imperative to prevent future housing bubbles
Underwater loan owners with payments exceeding rent have a moral imperitive to strategically default to provide deterence for banks to inflate future housing bubbles. Continue reading
Posted in Fresh Perspectives
Tagged strategic default, Strategic Defaults, Strategic Foreclosure
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What’s morality got to do with it?
Last week a group of investors, including California pension funds CalPERS and CalSTERS, a Florida pension fund, and the Government of Singapore Investment Corporation, walked away from more than a billion dollar investment and a $4.4B loan on Stuyvesant Town … Continue reading
Strategic Hypocrisy
“We have come to the inescapable conclusion that owning our own building was the smartest long-term investment for the association.” ~ Jonathan Kempner, Former President – Mortgage Bankers Association “Mortgage borrowers should keep paying their loans even if that no … Continue reading
Credit Scores Heal, Your Savings Account Won’t!
Fear of bad credit has homeowners paralyzed. Continue reading
Many Homeowners Paid Their Lender For The Right To Strategically Default
Homeowners unknowingly paid more in closing costs because their state laws prohibit the lender from coming after them on underwater or “negative equity” mortgages. If you live in one of these 8 states: Alaska, Arizona, California, Oregon, Minnesota, Montana, North … Continue reading