Friday, October 19, 2012
Local Agent Takes a Stance Against Strategic Default
10:10 AM | 
Posted by
Jim Drader
Valparaiso,
IN – October 16, 2012 – Local CDPE-designated agent, James Drader of Strategic
Exit has developed a website report providing information regarding the truth
about a mortgage trend called “strategic default,” where homeowners walk away
from their mortgages.
“There
is a growing trend of distressed homeowners who have heard that a strategic
default may be their best option,” Drader said.
“With this report, I’m showing homeowners that there are alternatives to
foreclosure that can actually help them move on to a more stable financial
future, rather than further damaging their credit, security clearance, or
current or future employment.”
This
community resource is available at www.strategic-exit.com and explains
the benefits of short sales, or selling a property for less than the current
mortgage amount owed. Benefits include less damage to credit scores, and the
ability to qualify for a future mortgage more quickly.
In
a recent study, the Chicago Booth/Kellogg School Financial Trust Index
estimated that 36 percent of Americans would consider walking away from their
mortgage if they were “underwater,” or owed more than the property was worth.
Now that one in four Americans is currently underwater, Drader sees the need
for greater education.
“Individual
homeowners as well as our entire community would suffer the consequences of
strategic default,” Drader said. “I can share solutions and alternatives that
can help preserve the financial stability of distressed homeowners and the
values of our neighborhoods.”
The
CDPE Designation Drader has acquired provides a specific understanding of the
complex issues confronting distressed homeowners. Through comprehensive training and
experience, CDPE-designated agents are able to provide solutions for homeowners
facing financial hardship in today’s market.
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