This article discusses the purported moral implications of a homeowner’s decision to strategically default and why no such implications exist for a strategically defaulting business.
Read MoreReaders weigh in on topics affecting the California real estate industry.
Read MorePart I of this article series details the process of qualifying a negative-equity homeowner for a short payoff, setting the sales price at the broker price opinion (BPO) and submitting a purchase agreement to the lender for appraisal and closing conditions, with a brief discussion of tax aspects of a shortsale and alternatives.
Read MoreThis article examines the credit score impact of a short sale versus a foreclosure, and advises a strategic default as financially advantageous for California’s negative equity homeowners.
Read MoreAs homeowners are being consumed by the negative equity trend inverting the value of their assets, the number of people choosing to walkaway from their underwater properties is on the rise. Those choosing to walkaway or...
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