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GSEs now permit unrestricted strategic default with no financial consequences


By golfplan18   Follow   Thu, 31 Jan 2013, 11:22pm PST   171 views   0 comments
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http://ochousingnews.com/news/gses-now-permit-unrestricted-strategic-default-with-no-financial-consequences?source=Patrick.net

Paul Simon wrote There Are 50 Ways to Leave Your Lover. There are many ways people can leave their unwanted properties, but if the debt is recourse, they can’t walk away from the debt as the lender can track them down to force repayment. In fact, zombie debt collection will be a significant growth industry over the next decade as those who thought their mortgage debts were extinguished find out otherwise.

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