Cartoon Guy Holding Stack Of Books

Tax Lien Notice

ABC Blocks

the decision by a borrower to stop making payments on a loan, even though the borrower is able to continue making payments. strategic default most often appears in the home or commercial mortgage context when the property owner is underwater (that is, the amount of the mortgage is more than the owner’s equity in the home or property).

Was This Term Helpful?

0 out of 0 found this helpful


Still got a question or concern?

Click here to contact us or go back to the main Glossary page.