Monday, June 21, 2010

Hip Hop Artist Chamillionaire Gives Strong Reasons For Strategic Default!!!

This is a video by hip hop artist, Chamillionaire. He has made the decision to strategically default.  He did not make this decision lightly. In fact there was negative press regarding the foreclosure of his home. Based on this video, he clearly received advice from financial professionals. Furthermore, his personal circumstances made a strategic default the best decision for himself and his family. At times he is emotional, yet his  decision to stop paying his mortgage, walk away from his "million dollar mansion", and apparently turn the keys over to the lender was all business. There is no shame in strategic default. Pure and simple.

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