by elizabetheugenio on February 21, 2010
Many homeowners choose to walk away from their mortgage even if they can afford to make payments because the value of their property has declined. It is called Strategic Default. They feel it is a beneficial reaction to an upside down mortgage.
The difference between a regular default and a strategic default is that on a [...]
by elizabetheugenio on January 24, 2010
Here are some facts from data from the California Association of Realtors (CAR):
1. California remains ahead among all nations in market recovery due to the many first-time home buyers buying homes now that home prices and mortgage rates remain low and most of all, the home buyer tax credits offered by the government.
2. High unemployment [...]