The Evolution of Mortgage Defaults

According to a recently published study from Morgan Stanley, roughly 12 percent of mortgage defaults are now so-called "strategic defaults." Strategic defaults are those in which the borrower decides to stop making payments because the current value of the home is less than the balance due on the loan. What does this trend say about American consumers and our legal system? Will "strategic defaults" become more widespread or diminish? What impact will they have on future real estate and credit markets? What are the implications for you? We'll provide the answers you nee.....