The followingSan Jose Mercury article highlights a growing trend with owners of San Ramon real estate and in fact anyone who has an “Underwater” mortgage. Many homeowners are considering a “Strategic Default” which is basically just walking away from their homes because they owe significantly more than the home is worth. We never recommend that someone just walk away and suggest that you first consider all of your options prior to making such a drastic decision. In many cases the banks will work work with you on short selling your home which in most cases is the best option.
Fed-up homeowners who can pay the mortgage, dont – San Jose Mercury News.
