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Studio 11 L.A. Talks About The Financial Benefits of Strategic Default
Studio 11 L.A. video report
Updated: Tuesday, 21 Feb 2012, 11:46 AM PST
Published : Tuesday, 21 Feb 2012, 11:46 AM PST
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Studio 11 L.A. -
LOS ANGELES - Foreclosure isn’t just for people who can’t afford to pay their mortgages. Many Californians are now strategically defaulting on their loans. These people can afford to pay their mortgages. But their homes are worth so much less than their original purchase price that it makes more financial sense to stop paying. Chad Ruyle is a co-founder of youwalkaway.com, a Carlsbad-based company that has helped more than five thousand people work through foreclosure.
Ruyle came on Studio 11 L.A. to talk about the financial benefits of strategic default, the impact on credit reports and the ethical questions.
Check out more: www.youwalkaway.com
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