Strategic default

iVillage Member
Registered: 10-25-2006
Strategic default
51
Mon, 08-16-2010 - 3:06pm

How about this for sticking it to the younger generation?

http://blogs.reuters.com/deep-pocket/2010/08/13/strategic-defaults-why-older-americans-walk-away-from-mortgages/

Any 68 yo with $6,000/mo in retirement income should not be able to walk away from his mortgage. I had no idea that in some states they cannot go after the other assets of these defaulters.

-----------------------------------------------
http://www.pnhp.org/news/2009/october/meet_the_new_health_.php

http://www.youtube.com/watch?v=DQTBYQlQ7yM

Pages

iVillage Member
Registered: 08-14-2010
In reply to: janetlz
Fri, 08-27-2010 - 3:36pm
I wouldn't say it isn't smart within the context you've used TB, so more power to you.

Pages