STRATEGIC DEFAULT Paying A Big Mortgage On A House That Just Is not Worth It? If you are in over your head with a home which has lost most of its value, then you are not alone. You  are like many other investors and homeowners, which bought when the market was at its peak, and  then were trapped when the market crashed. You did not expect your home to lose value, you  thought real estate was a safe investment, and there was no way you could ever see your major  purchase become a major problem.  Whether you are an investor, a first time homebuyer, or any experience level in between, you are not  alone in your predicament. Like many, you expected the market would never burst. Leading economists  did not see this coming – how could you?  But, you still are left now to pick up the pieces. You are  struggling to pay a mortgage on a home which is a fraction of its former value. You can still make the  payments, but why should you?  You would just be overpaying for a home which is now worth much less. A Strategic Default May Help This is the situation where a strategic default makes sense. A strategic default involves your deciding to deliberately fail  to pay a mortgage despite being able to do so. Obviously, a strategic default must be very carefully considered in order to be  effective. Unless you are confident that a strategic default is the best move for you, you should seek other options.   Steps to take before a Strategic Default The first thing to do before choosing a strategic default is to thoroughly examine your situation. Determine whether you  have the legal status for a successful strategic default. You need a law firm which can go through the terms of your mortgage  and determine whether there are any elements which make strategic default an undesirable choice, or whether you can choose  strategic default with a minimum of negative consequences.  Advocate Law Groups of Florida   Has attorneys with experience analysing strategic default candidacy. When you choose to retain us as your  representatives, you can be certain every angle of your case will be assessed by professionals who have seen strategic default  before. We will help guide you from your first meeting through the end of the strategic default, and we will represent you as  needed along the way.  Understanding What It Means For You One of the most important things to consider when choosing a strategic default is the impact it may have on your credit  score. You must consider your credit score before deciding on a strategic default. Although it can have a serious impact upon  your future credit, strategic default may still be a good option. The key is to understand your options before you undertake   strategic default.  In addition, you will need to take a close look at your financial standing before deciding to take a strategic default. In order for  a strategic default to be wise, your mortgage should be a significant strain on your funds and/or your home should have fallen  sharply in value. Strategic default is only logical if you have no reasonable hope of your home regaining its price, as is true of  many homes in the wake of the housing bubble and the financial crisis. If your home has lost a substantial portion of its value  and you are hopelessly underwater, then a strategic default may be your best option. You will not be overpaying for a devalued  asset, and you will be free to use your mortgage payment money for other expenses. The Advantage Of Retaining Advocate Law Groups of Florida  When you work with us, you will be working with a team who believes in bringing you all the information and all the skills  we can. We consider it our duty to help you analyse your situation, and we will provide you with every detail to ensure you  make the most informed decision. We have a network of professionals which goes beyond our legal team, and can help assist  you with other aspects of your strategic default. For instance, we can also help you protect other assets which might become  threatened as the strategic default progresses. We are also able to assist you with certain aspects of property restoration which  might impact your ability to use a strategic default. Finally, we can also assist you with active credit repair, helping your credit  score rise as quickly as possible after a strategic default.  Our attorneys will be there guiding you through every step of your strategic default. Contact us today at 800-737-6409 for a  free strategic default consultation and learn whether this might be the best choice for you and your family.  2009-2011 Copyright, mrcardozo.com Web Administrator Main Office: 37 NORTH ORANGE AVENUE #500 ORLANDO, FL 32180. Servicing All of Florida with offices in South Florida, Naples/Forth Myers, Tampa, and Orlando and coming soon Jacksonville.  We also represent, in Florida, clients from throughout the Continental United States, Puerto Rico and Canada, as well as maintaining working relationships with Lawyers from each of the foregoing to which we make referrals as necessary.