Is the Bank Going To Repossess Your House?

doing is equivalent to selling their stocks when the market value for them is down. If they would just hang on to their investment, their home, in just a few years their homes will be worth what they owe again. Some projections are that homes in the U.S. today will be worth double their value in twenty years. Also the strategic foreclosure is a bad idea because banks can tell rather easily that a foreclosure is strategic by pulling the consumer’s credit report. If none of the other payments are delinquent they may think that the consumer has money. The former home owner will be sued for the difference between what they owed and what the home is eventually sold for plus fees.

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