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Posted over 15 years ago

The "Strategic Default": Is it Socially Acceptable to walk away from your Loan

Morgan Stanley is handing a multibillion dollar portfolio of San Francisco Office Property back to the bank and single family REO is an epidemic. Is it now socially acceptable to walk away from your loan if you are under water?

Here is my spin and recent links on the subject http://TwitPWR.com/zYi/

hype free commercial property training | follow me on Twitter for the latest


Comments (1)

  1. Strategic default doesn't need to be "socially acceptable." If the lender loses money they should sue for a deficiency. If the loan is non-recourse they should shut up and take the collateral they agreed to. The system works just fine as-is.