CBS News report discussing strategic default from June 2011. Businesses have always used “strategic default” as a tool to manage their finances. The current recession has forced many homeowners to start making decisions regarding their biggest investment, their home, as business decisions not moral ones.
It isn’t your responsibility to take care of the bank. It is your responsibility to provide for yourself and your family.
If you are facing foreclosure, please call so we can discuss how I can help.