However, before you read our first press release below, I want to talk a little bit about the WHY for this site. It became evident by mid 2007 there was a fundamental economic shift occurring in this country. We were all gorging on easy credit. I myself gorged, got fat, and got sick. It became apparent that I was not alone. Ordinary people and small business were affected. Yet they were not alone. Big corporations, banks, governments, schools, pensions, sovereign wealth funds...basically everyone and everything was affected. We were all drowning in debt. Most of the country went into rehab. The cure was walking away from debt and getting bailouts. The only difference was bailouts went to the "connected" while the "unconnected" received very little.
Well thank goodness for the connectedness of the internet. The great info equalizer. I do not have a problem with anyone or any business seeking a bailout for reckless financial behavior. Who wants to be poor? I just believe that everyone should have the opportunity to get bailed out...If They Really Want Too. This website is about everyone (Who Really Wants It) getting a piece of the bailout pie. While there may not be enough pie for everyone, there certainly is enough for those who know how to get it.
An important technique being employed by those who Really Want It is a Strategic Default. Essentially, a strategic default is a form of cash and savings preservation. It's simply a decision not to spend money on an asset or a loan or credit card that has no possibility of providing a return on investment. While there are risks involved with a strategic default, the risks may not be outweighed by the necessity to have available cash on hand.
If Big Business, Big Government, and Big Country can Walk Away from Debt (aka Strategic Default) and get a Bailout, So Can You!! You just need to know how to do it the right (legal) way. This is what StrategicDefault.Org is about.
We have all had our share of ups and downs. I am truly learning from my mistakes. This is my effort to help people make better decisions than I did.
So please read our first press release below. Thank you.
Augustine Diji
--------------------------FIRST PRESS RELEASE ------------------------------
S. D. I. Ltd. Launches The Only Website With Free How-To Information on Strategic Default
Strategic Default InfoServ, Ltd. has launched the Strategic Default Monitor™ the top-ranked and internets only free website resource offering comprehensive information on strategic default.
2010 (New York, NY) Strategic Default InfoServ Ltd. has launched The Strategic Default Monitor™ (www.StrategicDefault.org), the only free, independent, objective and complete online resource for consumers seeking to learn how to strategically default.
The Strategic Default Monitor™ consists of a series of expert commentary and analysis, article reviews, real life stories, advice, tips, strategies, and videos dedicated to providing individuals with the tools to “Walk Away” or strategically default from housing debt.
A strategic default is a decision by a borrower to stop making payments (i.e. intentionally default) on a debt despite having the financial ability to make the payments. It has become a critical financial tool for individuals seeking to protect their cash flow, savings and investments.
“The strategic default phenomenon is an outgrowth of underwater mortgages. These are mortgages that has an outstanding principle balance higher than the value of the property thereby leaving a homeowner in a perpetual state of negative equity,” says Augustine Diji, the creator of the Strategic Default Monitor™. “Individuals with sufficient income to pay their debt, including mortgage payments, have decided to stop payments because of the on cash and savings. In other words, they have decided to ‘strategically default.’ The decision to not pay the debt is strategic because the savings achieved by not spending $2,000, $5,000 or more per month on a worthless asset can significantly outweigh the negative effects on credit scores and the potential legal consequences.”
“There are moral, social, and emotional issues associated with strategic default. Our society generally believes that one must honor their debt under any circumstance. One’s word is bond. However the ‘morality’ has been overtaken by the practical decision to conserve and protect limited cash, investments, and savings in a declining economy,” says Augustine Diji. “Furthermore, there is real frustration with lenders and our government. Lenders are not working diligently enough to provide debt relief. Our government is not exercising its full power to get lenders to act faster to assist homeowners.”
Diji was inspired to develop the website because of the lack of practical information available to people desiring to walk away from debt. “People are seeking a free resource that covers this growing trend. One that provides useful and actionable information in order to make the right decision not to pay a debt,” says Diji. “Our website has a question and answer section from everyday people. Most people want to understand their options and competently assess their risks. It’s a major personal decision requiring the right analysis. The goal of the website is to provide like-minded people an all-inclusive, one-stop destination for getting free comprehensive information and the best way to strategically default without the fear and guilt.”
About Aline Restructuring Group, Ltd.:
The company was started by Augustine Diji, a former attorney and expert consultant for loan workouts and defaults. Diji is also the author of the new book: Strategic Default: How To Create A Brighter Financial Future For You, Your Family Or Your Business, which is available for sale on Amazon.com
CONTACT:
Augustine Diji
917 538 0581
contact@strategicdefault.org
917 538 0581
contact@strategicdefault.org
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