A recent study estimates 36% of Americans think walking away is a viable option when they owe more on their home than what it's worth. Clearly, few know the financial consequences of these actions. Even fewer understand the options available to them.
If you or someone you know is at the crossroads of deciding whether or not to walk away or "strategically default," you'll find nothing strategic about foreclosure, especially when there are solutions to avoid it.
GIVING THE GREEN LIGHT TO FINANCIAL STABILITY.
Fortunately, there are options to avoid foreclosure and protect your financial future. From short sales and loan modifications to renting your home, it's vital that you know what you can truly do to avoid the financial damage of foreclosure.
Most homeowners who decide to strategically default face the burdens of:
• Credit issues
• Current employment challenges
• Future employment challenges
• Issues with security clearance
• Possible debt collections
• And more
Sandy Wagner, CDPE
Short Sale Specialist in Tacoma, WA and Gig Harbor, WA