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Loan Modification

: Loan Modification & Home Loan News

Just rip up your mortgage contract

By Moe Bedard

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A small but growing portion of mortgage-loan defaults are from homeowners who can afford to make their monthly payment but choose not to because their home’s value has fallen off a cliff and they’ve decided to invest their money elsewhere. Read Amy Hoak’s Home Economics column today to find out more about so-called strategic defaults. Interestingly, [...]

Full post as published by Loan Modification & Home Loan News on May 18, 2010 (boomark / email).

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