What Happens When You Default on a Mortgage: Strategic Default from the Bank’s Perspective?

What Happens When You Default on a Mortgage: Strategic Default from the Bank’s Perspective?

Aug 23, 2012 in Vital Information
Most people who are considering strategic default, think about it from their perspective.  However, it is helpful to also understand how lenders view strategic default.
First: Understand Loss Reserves & the Bank’s Pain
Because deposit accounts in banks and thrifts are partiall [...]

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Ben’s Take on Strategic Default

Ben’s Take on Strategic Default

Definitions of Strategic Default
Wikipedia defines strategic default as:
the “decision by a borrower to stop making payments (i.e., to default) on a debt despite having the financial ability to make the payments.” It goes on to say that strategic default is typically associated with [...]

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