Keyword: hardship letter

Short Sales: Is It Strategic Default or Harsh Reality?

Short Sales: Is It Strategic Default or Harsh Reality?

Determine the Source of the Hardship There has been a lot of information in the news lately about strategic default. Strategic default is the decision of a borrower to stop making payments (to default) on a debt despite having the financial ability to continue making those payments. Whatever your opinion might be about participating in a strategic default, it would ...

Melissa Zavala | 2010/02/08  | 13 Comments Coaching

Short Sales: Is It Strategic Default or Harsh Reality?

Short Sales: Is It Strategic Default or Harsh Reality?

Determine the Source of the Hardship There has been a lot of information in the news lately about strategic default. Strategic default is the decision of a borrower to stop making payments (to default) on a debt despite having the financial ability to continue making those payments. Whatever your opinion might be about participating in a strategic default, it would ...

Melissa Zavala | 2010/02/08  | 13 Comments Coaching