Homeowners Fight Back, Strategic Default continues to dominate the news

The continued coverage on Strategic Default (Walking Away) demonstrates now more than ever, that homeowners have finally reached their boiling point. Tired of the lip service from Congress and the banks, one by one, Florida homeowners  are now fighting back through Florida foreclosure defense attorneys.

Over the past several months most reports have suggested that the 7 million families in this country that are underwater, are in fact making a rational economic decision when choosing to walk away. As one of Florida's foreclosure defense attorneys I realize that these families have an obligation to themselves and should feel compelled to break contracts just like any commercial real estate owner.

Think about it; the President of the Mortgage Bankers Association did it, he arranged for a short sale of the organizations headquarters. Yet, he warns of the dire consequences to the banking industry and the economy if strategic foreclosure continues. The owners of Tudor City in Manhattan, did exactly that when they walked away from billions in the largest strategic default in the history of the United States. I never heard anyone say that their conduct was immoral or unethical or that it would have any dire consequences to the banking industry and the economy?

Homeowners are finally taking a stand. They are no longer worried about their credit scores, the stigma of foreclosure, or the dire consequences to the banking industry and the economy. They are hiring Florida foreclosure defense attorneys and fighting for their families economic future.

Watch the broadcasts in our video vault, or read our articles on Strategic Default. 

Do you want to know more about Strategic Default?  Contact our office today for a FREE consultation.