Founder of YouWalkAway.com says 100-point hit in credit score expectable but can be overcome by long positive payment histories.
A firm which has specialized in helping consumers escape underwater mortgages is finding their former clients open to returning to the market again.
Credit union trade groups reviewing the details; concern is whether strategic defaults would be encouraged.
YouWalkAway.com says housing crisis not over and won't be until foreclosures work their way through the market.
Homeowners acting ahead of Dec. 31 deadline to avoid tax bills in short sales or foreclosure auctions.
Some thoughts on strategic defaults, remote deposit capture and even Greece.
NAFCU, ABA react to FHFA director comments about considering principal forgiveness for some underwater loans at Fannie Mae and Freddie Mac.
NAFCU is still lobbying to have the FHA lengthen the time consumers who strategically default on a mortgage loan have to wait to apply again.
NAFCU wants the FHA to come down harder on consumers who walk away from a mortgage even though they would be able to make their payments.