homequestnh's posterous

homequestnh's posterous

Donna Marston  //  Homequest Real Estate advocates for Buyers & Sellers in Residential homes, Condo's and Mobile home sales. Servicing the corridor of rte 93 from Southern N.H. to Lincoln/Woodstock, N.H.(White Mountains).

I have been servicing Real Estate transactions since 2001. I achieved my GRI designation (Graduate Real Estate Institute) in 2005 and founded Homequest Real Estate in October of 2007.

I’m a member of the National Association of Realtors, Concord Board of Realtors, Northern New England Realtor Network (MLS), Concord Chamber of Commerce and the Penacook Village Association.

I work with many many home buyers in helping them to make their dream of home ownership become a reality and I am passionate about working with military personnel and Veterans.

“I would be honored to advocate a Real Estate transaction for you”.

 
Aug 31 / 10:15am

Risks of Strategic Default

If a homeowner purposely defaults on their mortgage because the home is worth less than what is owed, it is known as Strategic Default or in layman's terms, walking away from your mortgage (even if they can afford it).

Associated Risks:

1, Your Lender can file a lawsuit against you,  demanding the unpaid balance be satisfied.

2. Your credit score will be negatively impacted.

3. Be cautious of companies that are suddenly popping up to take advantage of this trend.  These companies promise to help homeowners deal with their lender for a fee.

Before making any major decision it is recommended that you speak to your Lender to learn about your options or contact an attorney to educate yourself about the process.