Strategic Default

Beverly Hills Super-Rich Ditch Increasingly Worthless Mansions

Reuters | Posted 04.16.2012

Read More: JPMorgan Chase, Video, Shadow Inventory, Housing Market, Housing Bust, Foreclosure Crisis, Countrywide Home Loans, Freddie Mac, Strategic Default, Housing Boom, Reuters, Fannie Mae, Beverly Hills, Realtytrac, Business News

* Record number of defaults in Beverly Hills * Many wealthy owners could still pay but walked away * Only 12 of 180 dist...

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Arthur Delaney

Strategic Defaulter Walks Back To His Mortgage

HuffingtonPost.com | Arthur Delaney | Posted 09.14.2011

Read More: Mortgages, Repo, Strategic Default, Mortgage, Unemployment, Housing, Underwater Homeowners, Housing Crisis, Walking Away, Business News

Ernie Soto and his wife are moving back into their house in Alamogordo, N.M., the same house they abandoned at the beginning of 2010 after Soto lost f...

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The Numbers Are In: Personal Debt Walkaway Is an Important Economic Stimulus

Nicholas Carroll | Posted 07.19.2011

Read More: Home Walkaway, U.S. Economy, Debt, Credit Cards, Economic Stimulus, Strategic Default, Business News
Nicholas Carroll

A recent report calculates $67 billion a year less in home interest payments are being made than in early 2008, giving credence to what some have been writing since 2009: a dollar not sent to Wall Street is a dollar to be spent on Main Street.

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Study: ‘Strategic Defaulters' Actually Pay Their Bills On Time

The Washington Post | Dina ElBoghdady | Posted 06.22.2011

Read More: Debt, Mortgages, Foreclosure, Strategic Default, Credit Cards, Bills, Business News

A growing body of research shows that these so-called "strategic defaulters" defy the tell-tale characteristics of most people whose loans go bad. The...

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Felix Salmon: U.S. banks will be "toast" if more U.S. homeowners catch onto new take of the "jingle mail" trend (VIDEO)

Huffington Post | Sherry Shen | Posted 05.25.2011

Read More: Foreclosures, Mortgages, New-Trends, Strategic Default, U.S. Banks, Wells Fargo, Banks, Homeowners, Felix Salmon, Jingle Mail, Sand States, Video, Business News

Reuters blogger Felix Salmon believes that if more and more struggling homeowners continue walking away from their homes, U.S. banks could be "toast."...

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