From David's @BeachCitiesRealEstate Page on FB

Thursday, June 24, 2010

Easy on Those Strategic Defaults

Strategic defaults generally refer to walking away from a home that's underwater. Short sales and renegotiations are much less offensive to mortgage lenders, though they take a bit of work.

More info re. conforming loans (not jumbos): Fannie cracking down on walkaways | Inman News

Speak with an experienced Realtor and an experienced real estate attorney if you're considering any of these options. - David

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