Strategic Short Sale (Default): Morally Wrong Or Financially Prudent?

”Is Strategic Default Wrong…Should Agents Help Underwater Owners Do Strategic Short Sales?”

The overwhelming response from agents just 3 years ago was….Strategic Default is wrong and agents should have nothing to do with owners who are choosing to default for reasons other than hardship.

Fast forward to 2011. Now, we are tracking to have 20,000,000 of the 50,000,000…40% of ALL  homeowners with a mortgage underwater. No clear indication that the real estate market has stopped depreciating. Add to this the fact that all the major banks are now more than willing to work with owners doing strategic short sales.

How times have changed.

Has your opinion changed? Tell us what you think.