Black & LoBello on AM720 KDWN
Click here to listen to the Legal Hour on KDWN AM720 from March 28th, 2012 in which Managing Partner, Tisha Black Chernine, Esq., discusses why Federal programs fail to help the real estate market (3:00), how private lenders can guard against title fraud (5:40), how to dissolve ownership of a property (11:00), short sales vs. principal reductions (17:17), options […]
Strategic Default
Voluntary strategic defaults pose a new wave of defaults hitting the already battered housing market. A strategic default is voluntary. It occurs when the borrower decides to stop making payments, or defaults on a home mortgage despite having the financial ability to make the payments. Usually, this occurs after a substantial drop in the house’s […]