Posted by 4closureFraud on May 25, 2010 · 4 Comments
Brent T. White, author of Underwater and Not Walking Away – Strategic Default has now published a paper based on the personal accounts of 356 strategic defaulters and homeowners on the verge of doing the same. His finding: People who intentionally default on their loans are not as economically rational or calculating in their decision-making as … Read more
Filed under bankruptcy, cdo, cds, Corruption, foreclosure, Foreclosure Fraud, securities fraud · Tagged with 4closurefraud, Arizona Legal Studies, bank fraud, brent white, cdo, cds, criminal, fight the banks, foreclosure, Foreclosure Defense, Foreclosure Fraud, fraud, freddie mac, predatory lending, produce the note, Stop foreclosure, strategic default, theft, underwater, walk away, walking away, wall street fraud
Posted by 4closureFraud on January 24, 2010 · 1 Comment
Shame, Fear and the Social Management of the Housing Crisis Brent White University of Arizona Despite reports that homeowners are increasingly “walking away” from their mortgages, most homeowners continue to make their payments even when they are significantly underwater. This article suggests that most homeowners choose not to strategically default as a result of two … Read more
Filed under bankruptcy, cdo, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud · Tagged with 4closurefraud, bank fraud, brent white, cdo, cds, deed of trust, foreclosure, Foreclosure Defense, Foreclosure Fraud, homeless, livinglies, MERS, mortgage electronic registration system, securitized, Stop foreclosure, strategic default, university of arizona, walking away, wrongful foreclosure
