Countering Strategic Default

California-DUI-ScalesRecently, news outlets across the country reported that government mortgage lenders Fannie Mae (FNMA) and Freddie Mac (FDMC) may soon be taking more aggressive legal steps against debtors who carry out a strategic default on their mortgage loans.

Strategic default can be defined as what occurs when a borrower/debtor intentionally defaults on a loan, even if s/he is capable of making payments.

The Federal Housing Finance Agency, which oversees FNMA and FDMC, experienced billions of dollars in losses on bad loans during the recent economic downturn.  In 2014, this agency may be pursuing litigation against strategic defaulters at an increasing rate.  This proactive approach may aid in recouping losses suffered over the past few years; ideally, it may also serve as a deterrent to those who do not intend to honor their loan commitments. This step toward greater debtor accountability may prove to be significant in the category of creditors’ rights, both inside and outside of bankruptcy.

Working with an experienced, knowledgeable Arizona creditor’s attorney can help tremendously if you are facing litigation resulting from a strategic default.  If you would like more information about creditors’ rights or defending claims, or if you need assistance from an attorney, contact Windtberg & Zdancewicz to schedule an initial consultation.

The attorneys at Windtberg & Zdancewicz, PLC, provide clients with experienced legal representation in all collection matters.  We represent creditors enforcing loan documents and debtors that have been sued by creditors.  If you need assistance with your collection matters, please contact us at (480) 584-5660.

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