Strategic Default Gaining in Popularity

strategic default
strategic default

The growing popularity of strategic default can't be denied. Forty-eight percent of homeowners surveyed say they would consider a strategic default -- also known as walking away -- if their home were underwater, in the latest research done for RealtyTrac and Trulia. That's up from 41 percent in May. Yet the banks still seem to be in denial that a strategic default wave may be building.