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Tag Archives: Walk Away
Strategic Default is Really Just Accelerated Foreclosure
With the way things are today I don’t think it is a good idea to try and save a home at any cost. It just doesn’t make sense anymore. Continue reading
Bankruptcy Is A Nuclear Strike On A Credit Score… Should You Push The Red Button?
Walkaway Consequences Please consider: Snow Job: Strategic Defaults in an Era of Negative Equity As more than a million people filing bankruptcy every year learn, life continues even after their credit scores are trashed. They can still buy cars on credit. … Continue reading
Posted in Best Of The Storm, Home Economics
Tagged Bankruptcy, Credit Scores, Foreclosures, Short Sales, Strategic Defaults, Walk Away
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Where is the Tipping Point? Weighing The Option Of Strategic Default
The Tipping Point In a phone interview yesterday with a writer from the New York Daily News, I was asked…”Jon, where exactly is the tipping point? When do people realize it may be better to just walk away?” This is … Continue reading
How Do Employers Look At My Credit? Can Foreclosure Affect My Employment?
Today on CNN they talked about these VERY interesting statistics. Here are the highlights below: (full transcript) VELSHI: And one that we’ve had in the last couple ideas has been this — this idea that there are states or … Continue reading
Posted in Everything About Foreclosures
Tagged Credit Scores, Foreclosures, Short Sales, Strategic Defaults, Walk Away
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BofA Walks Away & Refuses To Pay Their HOA
Banks Are Now Walking Away From HOA Fees In an eye opening interview by Chicago Public Radio on Friday, I learned of a Chicago condo owner whose building had turned into an absolute nightmare – 2/3 of the residents were … Continue reading
Posted in Banking and Finance, Everything About Foreclosures
Tagged BofA, Foreclosures, HOA, Strategic Defaults, Walk Away
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