Strategic Mortgage Defaults on the Rise - FOX News
There is a rising trend in home owners who are doing what's called a "Strategic" Mortgage Default. This is when a home owner can afford to pay their monthly mortgage, but chooses not to because their mortgage balance exceeds their property value. They stop making payments, and after a period of time the lender foreclsoes on the property.

1-800-CashOffer CEO Jeremy Brandt discusses this trend with FOX News.

 

Get the Flash Player to see this player.


 

 

The original story may also be seen on the FOX News web site: Rise in Strategic Mortgage Defaults