Strategic Defaults Are Soaring In California, And Now They Might Really Explode

Written By Joe Weisenthal
March 17th, 2010

More and more homeowners in California are walking away from their mortgages, even though they can technically afford them.

This is a trend that's been happening for awhile, but it's picking up steam, and in part these homeowners see it as a big middle finger to the bailed-out banks.