Relevant:
- More homeowners are opting for 'strategic defaults'
- Mortgage Defaults: Many Are Intentional, Study Finds
- Americans’ Faith in Housing and Finance Inches Up
- Owners' 'strategic defaults' on mortgages depend largely on how far underwater they are
- White Paper Sees Strategic Defaults Rise with Negative Equity
2012-01-09 — msn.com
"Strategic defaults like the one contemplated by Martin are on the rise. A survey last year by two Chicago-area finance professors, Paola Sapienza at Northwestern University and Luigi Zingales at the University of Chicago, found that roughly three out of 10 mortgage defaults in 2010 were by homeowners who could afford to make their payments, up from 22 percent in 2009."
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