The following article published in Inman news reports on a new Fannie Mae policy to discourage an alarming trend towards strategic defaults. What we have been seeing is some home owners opting to just walk away from their home instead of making a good faith effort to resolve their situation through a Loan Modification, Short Sale, or Deed in Lieu
. We have had discussions with many home owners who have homes that are underwater and have considered just walking away as an option. Our recommendation is to always attempt a work around with the lender either with a Loan Mod or short sale. We know how to help so Take a look at the following article and give us a call with any questions.
Fannie cracking down on walkaways What does this mean for “Strategic Defaults”
Post by Bob Gibbs
Whether you are a first time home buyer or savvy investor, we are a full service professional real estate team with our primary goal to help you realize your real estate goals and dreams.
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