September 2, 2010 3:37 PM
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Is Strategic Foreclosure For You?
Your erstwhile Editor-at-large was roaming the streets of New York, when she happened upon this lovely couple from CA. They are among the 11 million households with negative equity in their homes. Unfortunately, they didn't qualify for mortgage modification, so I explained strategic foreclosure as an alternative.
Note: Broadway show fans MUST watch this video to the end--a special treat awaits you!
© 2010 CBS Interactive Inc.. All Rights Reserved. Note: Broadway show fans MUST watch this video to the end--a special treat awaits you!
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Jill Schlesinger Jill Schlesinger, CFP®, is the Editor-at-Large for CBS MoneyWatch. She covers the economy, markets, investing or anything else with a dollar sign. Prior to the launch of MoneyWatch in 2009, Jill was the chief investment officer for an independent investment advisory firm. In her infancy, she was an options trader on the Commodities Exchange of New York.
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