There’s been a lot of talk about strategic mortgage defaults. Here’s the scenario: Bob Buyer purchases a home. After a few years the real estate market has a “correction” and the house is no longer worth what Bob paid for it. Even though he can still afford the payments, Bob decides it makes better economic [...]

Just in time for Thanksgiving, Fannie and Freddie Mac have announced a temporary suspension to home foreclosures scheduled to take place November 26th until January 9th 2009. Not all homes made the list, though. In order to qualify for the