Posted by: Roby Robertson | June 28, 2010

Fannie Mae to Charge Strategic Defaulters, for Everything

Have you read about the people that are strategically defaulting on loans and walking away from their homes?  I know it has been a real issue with those homeowners that are trying as hard as they can to keep their homes and negotiate with lenders to ensure they are not displaced.

However, there are some that have taken real advantage of the state of the market.  They are staying the home as long as they can without paying the mortgage and then whey they leave, they take everything and anything of value.

Well, there is a much needed crackdown taking place with the effort being led by Fannie May.  Those that are taking advantage are now going to be sought after and made to pay back for everything (including the items inside the home that were removed).

Read more about these new efforts at Housewire.com.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: