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Home » Store » News » Law’s Loophole, an Answer to ‘Strategic Default’

Law’s Loophole, an Answer to ‘Strategic Default’

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Many financially distressed homeowners are choosing to “walk away” from their mortgages instead of trying work with lenders and servicers to find an option that would allow them to stay in their homes on a restructured, affordable monthly mortgage payment. The practice is called a “strategic default,” in which the homeowner simply stops making mortgage payments...
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