Posts with tag defaults

Now that the housing market is bottoming out in many areas of country and even showing some signs of recovery, is strategic default a passing phase or still worth considering? The San Francisco Federal Reserve concludes that the default point "depends on a borrower's expectations regarding future house price changes and... Continue Reading »

More than 14 million homeowners are underwater on their mortgage today and Deutsche Bank projects that number will increase by 6 million to 20 million by the end of 2011. The bank also expects a rise in strategic defaults, especially in the states with non-recourse (the banks can't chase you for any shortfall). There are... Continue Reading »

While there was a decrease of 3 percent in the number of foreclosure filings reported in June from the previous month, and a 7 percent decrease from June 2009, the number of filings topped 300,000 for the 16th straight month. Foreclosure filings were reported on 313,841 U.S. properties in June, according to... Continue Reading »