Tag Archives: Home Owners Torn on Strategic Default: Right or Wrong?

Forty-five percent of Nevada home owners recently surveyed say “there is nothing wrong” with walking away on your mortgage obligations, according to a new report, “Face of Foreclosure,” released by the Nevada Association of REALTORS®. On the other hand, an equal number of home owners say home owners have a “legal and ethical obligation to pay their mortgage if they can.” The number of home owners who find “strategic default” socially acceptable is growing in the state, which has consistently had one of the highest foreclosure rates in the country […]