Economy

Strategic Defaults Are Going Mainstream. Shameless.

May 17, 2010

The Term Strategic Default is “the new black” in the world of homeowners who bought in to speculative real estate markets with the bare minimum down payments during the real estate boom.  These are homeowners that are well-paid, employed and completely capable of paying their mortgages, yet they’re walking away from their homes and their […]

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Record Low Rates and Tax Credit Expiry = Home Sale Bargains

May 13, 2010

There’s an interesting phenomena brewing in the affordability of homes for buyers – both of which run contrary to what many experts and the government predicted.  Two things are continuing to move in their favor – mortgage rates and sellers slashing home sale prices. Tax Credit Expires so Sellers Cut Prices The New Homebuyer tax […]

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