For those in the midst of this difficult decision, you need to be calculated about the path you take. To foreclose? To short sell? There are implications with both, but this Reuters article presents “strategic default” in layman’s terms so you know what you’re getting in to. We are now starting to see the first wave of re-entry in to the housing market for those who have suffered credit compromise. But I suspect more Arizonans will be faced with this decision…
Read the Article below, courtsey of Yahoo Finance.
