Homeowners and "strategic default"
397 views · Published 17 June 2011 · 3:18 · Indexed 21 September 2026
Channel: CBS News · 2011 · News & Politics
Desperate homeowners with no hope of ever breaking even on their homes have turned to "strategic default" - completely stopping payment of their mortgages. For some, it's the best way to stay afloat, reports Jim Axelrod.
More from this channel
-
5:58
First Look With Katie Couric: Spage Age Budget
-
3:48
First Look With Katie Couric: From D.C.
-
3:08
First Look With Katie Couric: Nuclear Claims
-
6:05
First Look With Katie Couric: Ahead Of The Curve
-
6:44
First Look With Katie Couric: Team Effort
-
3:10
First Look With Katie Couric: N. Korea & Hawaii
-
2:32
First Look With Katie Couric: Healthy Seafood
-
1:46
First Look With Katie Couric: Sports In America