Should You Walk Away From Your Mortgage?

Should You Walk Away From Your Mortgage?

It’s considered a given of home ownership that allowing your home to go into foreclosure is a last resort, something that you only do after you’ve exhausted all other options. However, according to new information from credit-scoring firm Fair Isaac Corp. (FICO), more homeowners are intentionally choosing foreclosure — or “strategic default” — and that those borrowers tend to be pretty savvy consumers. [More]