This is a video from CNN that is beating up this guy about his decision to do a Strategic Short Sale.
However, this homeowner “investor” is right!
Morally wrong? Is it morally wrong for banks to default on their properties? or is it a business decision?
The last 4 listings we have taken were not necessarily broke or in dire financial straights…they simply were tired of trying to work with their banks to find a solution to their bad financial situation. The banks are unwilling to work with them… because they “were not going to work with them as long as your current”.
Please listen and give some feedback:
