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Strategic Foreclosure

This tag is associated with 2 posts

Why Even Bernanke Sees Trouble Ahead – Yahoo! Finance

By ⋅ April 22, 2010 ⋅ Post a comment

Much has been written about strategic mortgage defaults lately. Bank of American (NYSE: BAC – News) is fielding more than 125,000 calls a day from people seeking mortgage help. Hundreds of thousands haven’t made a mortgage payment in more than a year. via Why Even Bernanke Sees Trouble Ahead – Yahoo! Finance.

Strategic Foreclosures

By ⋅ September 18, 2009 ⋅ 2 comments

Recently a story was aired on the news about the housing market in Patterson, CA and the dramatic decrease in median home values due to a high rate of strategic foreclosures. Also known as buy and bail, strategic foreclosures is the act of borrowers who have negative home equity in their homes – typically in [...]

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