Strategic Defaults

Stategic Defaulters – People who can afford to pay their mortgage but choose not to.

Sounds strange, but it is an increasing portion of those who are entering into mortgage defaults.  According to a recent Washington Post article, up to 35% of those defaulting on their mortgage are doing so strategically.

Click here to go to the article.

You can also find the report at

http://www.washingtonpost.com/business/economy/strategic-defaulters-pay-bills-on-time-and-plan-ahead-study-finds/2011/04/21/AFcGQSLE_story.html

In fact, we have found high end homes (homes priced at over $1 Million) are defaulting at a much higher rate.

This is a another piece to the puzzle we will be discussing at Washington REIA on May 9th.   You can get a one night pass for only $20 if you register early at this link – http://wreia-may9-dcp.eventbrite.com

Renovators across the region are enjoying a tight sellers market in some areas.  Consider using us as your financial partner on your next DC area project.

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