Fannie Mae Strikes at Homeowners!
Written on June 23, 2010 – 1:50 am | by Adam Gomez
I took some hits when I wrote about people who choose to walk away from their underwater mortgages even though they can afford them – also known as a ‘Strategic Default’. Several readers disagreed on the idea that walking away is a moral decision and that suggestion alone evoked the most controversy.
Well, regardless of your stance on whether it is a moral decision or a financial one, if you plan to default on your mortgage despite the fact that you can pay it…
You better hurry up.
Fannie Mae is taking steps to thwart strategic defaulting.
Walk away? Sure. Want to buy a house in the next SEVEN years? No longer an option.
I excited that Fannie Mae is as disgusted with strategic defaulting as I am. I love

