Strategic Default Homeowners Face Debt Collectors

The term “Strategic Default” refers to homeowners who were underwater on their mortgage and skipped out on their mortgage debt even though they had the ability to pay.  Fannie Mae and Freddie Mac have stepped up their efforts to collect unpaid mortgage debt from these homeowners.  Some states do not allow deficiency judgments but Florida is one of the states that allows Freddie Mac and Fannie Mae to seek repayment of lost funds.  Click Here to read more or Contact Me  to help with any of your real estate needs.

Comments are closed.