Homeowners who ‘strategically default’ on loans a growing problem

[peterb]

This will gain popularity as more people strategically default. These things have a kind of momentum to them. The rationalization will start and then the actual action will grow and become socially acceptable. Then those that dont do it will be labeled as “suckers”. And those that have defaulted will have more disposable income and the ability to invest their money in assets that are appreciating.

[Arraya]

Herd mentality is herd mentality. One the way up and on the way down.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aw6_gqc0EKKg&ref=patrick.net

7 million foreclosures in the pipeline.

[Arraya]

Herd mentality is herd mentality. One the way up and on the way down.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aw6_gqc0EKKg&ref=patrick.net

7 million foreclosures in the pipeline.

[Arraya]

Herd mentality is herd mentality. One the way up and on the way down.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aw6_gqc0EKKg&ref=patrick.net

7 million foreclosures in the pipeline.

[Arraya]

Herd mentality is herd mentality. One the way up and on the way down.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aw6_gqc0EKKg&ref=patrick.net

7 million foreclosures in the pipeline.

[Arraya]

Herd mentality is herd mentality. One the way up and on the way down.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aw6_gqc0EKKg&ref=patrick.net

7 million foreclosures in the pipeline.

[Aecetia]

“Altogether elsewhere, vast
Herds of reindeer move across
Miles and miles of golden moss,
Silently and very fast.”

[Aecetia]

“Altogether elsewhere, vast
Herds of reindeer move across
Miles and miles of golden moss,
Silently and very fast.”

[Aecetia]

“Altogether elsewhere, vast
Herds of reindeer move across
Miles and miles of golden moss,
Silently and very fast.”

[Aecetia]

“Altogether elsewhere, vast
Herds of reindeer move across
Miles and miles of golden moss,
Silently and very fast.”

[Aecetia]

“Altogether elsewhere, vast
Herds of reindeer move across
Miles and miles of golden moss,
Silently and very fast.”

[briansd1]

[quote=peterb]This will gain popularity as more people strategically default. These things have a kind of momentum to them. The rationalization will start and then the actual action will grow and become socially acceptable. Then those that dont do it will be labeled as “suckers”. And those that have defaulted will have more disposable income and the ability to invest their money in assets that are appreciating.[/quote]

I agree peterb.

But if one is to strategically default, one ought to do it sooner rather than later.

The WSJ reported that there are now 200,000 houses defaulted more than 1 year where then lenders have not even started the foreclosure process.

[briansd1]

[quote=peterb]This will gain popularity as more people strategically default. These things have a kind of momentum to them. The rationalization will start and then the actual action will grow and become socially acceptable. Then those that dont do it will be labeled as “suckers”. And those that have defaulted will have more disposable income and the ability to invest their money in assets that are appreciating.[/quote]

I agree peterb.

But if one is to strategically default, one ought to do it sooner rather than later.

The WSJ reported that there are now 200,000 houses defaulted more than 1 year where then lenders have not even started the foreclosure process.

[briansd1]

[quote=peterb]This will gain popularity as more people strategically default. These things have a kind of momentum to them. The rationalization will start and then the actual action will grow and become socially acceptable. Then those that dont do it will be labeled as “suckers”. And those that have defaulted will have more disposable income and the ability to invest their money in assets that are appreciating.[/quote]

I agree peterb.

But if one is to strategically default, one ought to do it sooner rather than later.

The WSJ reported that there are now 200,000 houses defaulted more than 1 year where then lenders have not even started the foreclosure process.

[briansd1]

[quote=peterb]This will gain popularity as more people strategically default. These things have a kind of momentum to them. The rationalization will start and then the actual action will grow and become socially acceptable. Then those that dont do it will be labeled as “suckers”. And those that have defaulted will have more disposable income and the ability to invest their money in assets that are appreciating.[/quote]

I agree peterb.

But if one is to strategically default, one ought to do it sooner rather than later.

The WSJ reported that there are now 200,000 houses defaulted more than 1 year where then lenders have not even started the foreclosure process.

[Author]

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