What is a strategic foreclosure? It’s when the homeowner owes more to the bank than what the property is valued at…it’s also called “underwater” and believe me, as a real estate agent who’s in the trenches of today’s real estate market…this is NOT just a passing phase…this is a serious problem that will be around for a long, long time. And it will effect everyone’s property value…and NOT is a positive way!
Go here to read the rest:Strategic Foreclosure – What Would You Do?
