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Phoenix Real Estate Blog: Should You Continue to Pay for a Home When You Owe More than it’s Worth?
Posted at MyPhoenixMLS.com Blog by Bob Stahl
September 28th, 2009 12:12 pm
Tagged with: agent, arizona, foreclosure, mortgage, phoenix, real estate, real estate agent, realtor, short sale, strategic default
I know I just wrote a response to a Realtor.com “Hot Topic” – about what goes in to your credit score and how it affects you as a home buyer. But their most recent hot topic was too interesting to pass up. The question: “Should you continue to p
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Phoenix Real Estate Blog: “Strategic Defaults” – A Mortgage Lender’s Perspective
Posted at MyPhoenixMLS.com Blog by Bob Stahl
August 10th, 2009 12:54 pm
Tagged with: agent, arizona, foreclosure, mortgage, phoenix, real estate, real estate agent, realtor, short sale, strategic default
I blogged the week before last about strategic defaults -- when a homeowner decides to default on a mortgage (typically through a short sale or by letting the bank foreclose) even though he can still pay the mortgage. Typically, a homeowner does a strate
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