Detailed text transcripts for TV channel - FOXNEWS - 20100209:11:26:00
A good financial decision. but they still have the means to pay the mortgage. what makes this concerning is the fact that numbers were released that in 2009, 1/4 of all foreclosures were strategic defaults. and that has ramifications on the most local of levels. >> ok. so we are talking about the owner options and so there's the strategic default. there's the foreclosure. the one you like the best is the short sell. tell me about short sells. >> well, first of all, a strategic default is a foreclosure, it's an elective foreclosure. what people should do is exhaust all other options first. the ...
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