Yes. There Is. Click the link below: http://upsidedownmortgagesolution.blogspot.com/
This is a good article on homeowners who are considering a Strategic Default (walking away from a mortgage). We understand why MANY homeowners elect to do this. How ever we do not think you should just simply walk away without trying your last option. Mortgage Relief Solutions. We can make a potential default a "smart strategic default". Why simply walk away and voluntarily foreclose when you have a chance to not default at all? That's what we do. Help homeowners who think they have no other choice but to walk and default. Here's our Mortgage Relief Program here: http://www.mortgagereliefsolutions.com/MortgageReliefProgram.html
Read the short article by The Bryan Ellis Investment Letter first. Then call Mortgage Relief Solutions to assist you in your "strategic default"....the right way.
There are plenty of reasons to avoid going into foreclosure, including taking a hard hit to your credit and defaulting on a loan you promised to repay. However, in some cases, homeowners who feel that they were mislead in their borrowing or who simply can no longer afford to pay their mortgage are making a difficult business decision and calling it quits on their home loan before sinking every penny into a “ship” already on its way down. These homeowners, most of whom struggle with the decision to default on their loan before absolutely necessary, accept as part of the “deal” of default that they will lose their homes and likely ruin their credit. Now, however, they may have to also accept that the Federal Housing Finance Agency (FHFA) could also send the feds in their direction years after the foreclosure is completed, the keys are returned, and the home is resold so that the lender can recoup the loss as much as possible.
According to a report from National Mortgage News, strategic defaulters are now on the FHFA’s “to-do” list. The FHFA includes in this category borrowers who have been instructed by their lender to default on their loans in order to qualify for loan modifications and principal reductions. Back in September of this year, the FHFA’s Office of the Inspector General (OIG) declared that it would begin the process of seeking “administrative sanctions, civil recoveries, and criminal prosecutions against anyone who abuses the FHFA’s programs.” This absolutely includes strategic defaulters, since the FHFA views those individuals as causing unnecessary loss to the agency by opting to return their houses rather than pay their mortgages.
Do you think that this type of enforcement can even be carried out legally? What do you consider strategic default and what do you think about it?
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