WASHINGTON, DC - Homeowners with high credit scores are 50% more likely to “strategically default” on their mortgage compared to their lower credit score counterparts, a study by Experian recently discovered.  In 2008 alone, more than 588,000 borrowers strategically defaulted on their mortgages, leaving lenders scrambling to make sense of this shocking new development.  Making [...]

MALIBU, CA - A Wells Fargo executive, Cheronda Guyton, allegedly moved into a $12 Million Wells Fargo REO foreclosure with her husband and two children.  Reports indicate that she even threw a huge party on the last weekend of August in this beachfront foreclosed home.  Guyton supposedly oversees Wells Fargo’s foreclosed commercial properties and it seems this Pacific [...]

NASHVILLE, TN - What I call “the WRONG way to do short sales,” is a practice that is gaining significant popularity as of late but could land those who do it in some major trouble.  I’m not usually one to be quite so negative and dramatic, but this is a serious matter.  Plus, I’ve even seen a few [...]