25% is way too high. Dont believe 25% are strategic in nature around here and most of the strategic defaulters I run into just want to get it over with asap. They feel like they made a mistake, want to get the property sold asap, feel some sense fo guilt about it and just want it over so they can get on the road to recovery. At least that is what I see.
I did say “most” as I have run into some real slimebags.
