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Strategic Default

The Shocking Way The Super-Rich Are Selling Their Homes

The Huffington Post | Harry Bradford | Posted 10.25.2012 | Business

It's typical for sellers to lower the asking price of their home if it's been sitting on the market for a while. But the super-rich have a different w...

Beverly Hills Super-Rich Ditch Increasingly Worthless Mansions

Reuters | Posted 04.16.2012 | Business

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

Arthur Delaney

Strategic Defaulter Walks Back To His Mortgage | Arthur Delaney | Posted 09.14.2011 | Business

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...

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

Nicholas Carroll | Posted 07.19.2011 | Business
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.

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

The Washington Post | Dina ElBoghdady | Posted 06.22.2011 | Business

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...

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 | Business

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