Good news. According to reliable sources, the late night deal to avert the fiscal cliff included an extension of the 2007 Mortgage Forgiveness Debt Relief Act which was to expire at midnight last night. According to the National Association of Realtors, and confirmed by the text in the screen shot of the bill: Of most interest to … Read More…
Category: Strategic Defaults
Strategic Defaults in Westchester County
Categories: Strategic DefaultsWikipedia defines the term Strategic Default as “the decision by a borrower to stop making payments (i.e. default) on a debt despite having the financial ability to make the payments.” (my emphasis added) Given the huge amount of attention given to the practice, I thought that I would offer my own observations on what I … Read More…