Wednesday, June 16, 2010

Washington Post article........

There's a great article in the Washington Post (click here) about Lenders now pursuing borrowers that foreclosed or perhaps more appalling strategically defaulted on their loans. It's those strategic defaults that have hurt our real estate markets around the country and it's a ripple effect everywhere. For those who just walk away from the obligations that were once committed to hurts your neighbors values and in recourse states banks are now going after the deficiencies. This may help those who are thinking of strategic defaults think twice. It's sad for those that truly have life altering issues and lose their homes but it's the ones whose investments didn't go their way so they walk away have contributed immensely to why our home values have dropped. Bookmark and Share

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