What Is A Strategic Mortgage Default In Florida?

At Nowack & Olson, we have witnessed firsthand the effects of the 2006 real estate crash. Our firm has been serving Florida for more than 20 years — before, during and after substantial changes to the market.

Many clients come to us with questions about strategic default: What is it? Is it right for me? What are my options when I'm dealing with an underwater mortgage?

Start on your journey to debt relief by calling 888-813-4737 today. Se habla español.

Simply put, strategic default is the decision to stop making payments on a debt, typically a mortgage, even when you have the means to pay. It may seem counterintuitive to default on a debt intentionally, but for some people, it can be a valuable tool in getting out of a bad investment — particularly when they owe more than the property is worth.

Is Strategic Mortgage Default Right For Me?

Like any other financial decision, the choice of whether to default on a loan is rife with risks and depends on your unique situation. To determine the best course of action to manage home loan debt and pursue financial freedom, it is always wise to speak with an attorney well-versed in both bankruptcy and real estate matters.

The lawyers of Nowack & Olson have more than 40 years of collective experience serving South Florida. We have helped thousands of people just like you in the face of foreclosure, repossession and other financial challenges.

Contact Us To Learn More

To get the facts about strategic default and begin protecting your financial interests, we invite you to contact us online or call us at 888-813-4737. We provide a safe, welcoming and judgment-free zone for people with questions about finances, bankruptcy and real estate. For the convenience of our clients, we have offices in Fort Lauderdale, Miami, Boca Raton and Jupiter.