Strategic default may not be strategic

shannonjones Featured Articles , Foreclosures , Short Sales Leave a Comment

Recently, I’ve heard the term “strategic default” being used more frequently from homeowners in Long Beach, Lakewood and surrounding communities. It shouldn’t be a surprise. With more than 25 percent of homeowners now owing more than what their homes are worth and millions more having a hard time paying the mortgage, it’s becoming more common for homeowners to consider just …