Apr 26, 2011

Many homeowners see strategic default as their best option, and all major housing markets in the US could suffer.

In an article posted on Minyanville last September -- Strategic Defaults Threaten All Major US Housing Markets -- I discussed the growing threat that so-called “strategic defaults” posed to major metros which had experienced a housing bubble. With home prices showing renewed weakness again, now is a good time to revisit this important issue.

What Is Meant By Strategic Default?

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