Borrowers Chose Strategic Default On Reverse Mortgages
When reverse mortgages were last reviewed, it was predicted that many unqualified borrowers would wind up defaulting, despite the fact that a reverse mortgage has no payment due. As originally conceived, reverse mortgages were designed to fulfill a [...]
Local Governments Join The Strategic Default Movement
As if creditors didn’t have enough worries with nonperforming consumer debt and defaulting real estate mortgages, it now appears that another wave of debt defaults has started – this time by municipal borrowers. Consider the City of [...]
Strategic Defaults – The Difference Between The Rich And “Other People”
Million Dollar Home Owners Falling Off The Cliff “I think you’ll find the only difference between the rich and other people is that the rich have more money” – Mary Colum If the difference between the rich [...]
