Strategic Mortgage Default - Why Strategic Default May Be Your Best Personal Financial Strategy

Banks have two sets of rules - one for her and the other jerks.

I hate to be in the category Sucker.

When it comes to strategic default mortgages, banks and politicians and even ministers will implore you to pay your mortgage, no matter what.

Children need braces? Pay your mortgage anyway. Mother-in-law ill? Pay your mortgage anyway. Home worth $ 200,000 less than you owe the bank, you give your summer vacation, eating cat food, and pay it anyway.

Foreclosure is bad for you. Employers now check credit rental. If you need to borrow money, the exclusion is a major red flag. Many apartment complexes to check your credit and refuse to hire you if you lose your home to foreclosure.

So, for banks and investors default on loans, which do basic (office buildings or shopping centers, for example) is 25% or less of the loan amount?

This is a good deal.

When it comes to underwater mortgages (home is worth less than the loan amount) is our master numbers 11 million families in the U.S. alone.

Around five million of us, more than 25% water.

Economists estimate that approximately 14 years in California to 2007 property values can be achieved. How many people even stay in the same house for seven years, let alone 14th

People are angry. Banks accepting applications from mortgage brokers to wink and nod. Sound banking and financial principles have been ignored. Middle-class Americans bought McMansions 5000 square feet as quickly as possible to their construction.

If your bank believes in you - and should, because it borrowed money - why should we worry?

So what is car modifications a strategic Standard? Simply put, if you have enough income or assets to pay your mortgage each month, but you do not.

Walking away is not easy. You have to suffer that forced sales procedures and deportation. You need to find a new place to live. Moving the problem, but it is more than one argument, the banks were not several hundred thousand dollars worth of extra for.

The strategic objectives are currently about 35% of all foreclosures. I expect that to increase to where more Adjustable Rate Mortgages circles restored by the end of 2010, this time in a major market, not subprime.

Do not forget. This is a house, a piece of property. Do not fall in love with the course. There are people that counts - your spouse, your children, your extended family.

If it is prepared in the best interest of your family receive strategic default:

- If you plan to move into an apartment, find one now before your credit card hit

- To apply for a new job, do it now

- If you take out a loan or buy a car, you need it now

If you are ready to implement the strategic default mortgage strategy, contact your local lawyer to see if you live in use or not use of the state. If the bank carries deficiency Judgement against you for losses which you want to have all the options - set up for counseling, including bankruptcy.

Talk to your lawyer. Talk to your tax advisor. Determine your best strategy and to strike.