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Young couple charged with fraud in filing deed for $1.1 million house Fannie Mae Cracks Down on Strategic Defaulters Fannie Mae lashes out at strategic defaulters Posted on June 26, 2010 by Stout Law Firm Fannie Mae is sifting through borrower data to determine who is strategically defaulting and who is not after announcing more efforts this week to crack down on those who walk away from their homes.Let’s start by looking at a married couple filing jointly who just bought a home for $1.1 million, putting 20% down and whose mortgage is now $880,000. With the new cap, that couple can now deduct mortgage interest for only $750,000 of that debt.
Alternatives To Foreclosure. Mortgage foreclosure is a tragic and traumatic event for any homeowner. It is the legal process whereby property rights to one’s home are stripped away due to inability to maintain the obligations of a mortgage loan.