Strategic default
id:
strategic-default-322-14587844
title:
Strategic default
text:
A strategic default is the decision by a borrower to stop making payments on a debt, despite having the financial ability to make the payments. This is particularly associated with residential and commercial mortgages, in which case it usually occurs after a substantial drop in the house's price such that the debt owed is (considerably) greater than the value of the property — the property has negative equity or is underwater — and is expected to remain so for the foreseeable future, such as fol
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Strategic_default
date created:
date modified:
2023-12-14T06:59:23Z
main entity:
{"identifier":"Q7621828","url":"https://www.wikidata.org/entity/Q7621828"}
image:
fields total:
13
integrity:
13