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
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.