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Fill out the brief contact form to the right to receive the following short sale resources at no charge:

  • Short Sale Guide (PDF Download)
  • Professional Real Estate Attorney Consultation


Who is Default on Purpose and what do we do?

Default on Purpose is a group of real estate and legal professionals who provide information, options, and solutions to homeowners who owe more than their house is worth. The legal, tax, and credit ramifications add a layer of complexity that prohibits most real estate agents from providing a comprehensive evaluation of a specific homeowner’s situation and options. Default on Purpose provides free legal counsel with a real estate attorney who will explain every option available to you. Since every homeowner’s circumstance is unique, we help plan and execute the strategy that is best for that individual.

What is a strategic default?

A strategic default occurs when a homeowner decides that it no longer makes sense to continue to make payments on an underwater property despite having the ability to do so; often because the consequences of continuing to pay for the overleveraged property are greater than the consequences of defaulting on the mortgage.

Is strategic default legal?

Absolutely. A mortgage is simply an arm’s length, business transaction between two consenting parties. Within the mortgage contract there are specific processes and remedies that are enacted when either party fails to perform. In many cases the consequences of strategic default are much less damaging than continuing to pay for the overleveraged home.

Despite this fact, there are still people who view a strategic default morally wrong. And we think this is absurd. Walking away from a debt for the betterment one’s financial future is a business decision. Do you think your lender is bound with a sense of morality when they eliminate bad debt?

  • Wall Street Journal – When it’s OK to Walk Away

    • ‘Millions of Americans are now deeply underwater on their mortgage. If you’re among them, you need to stop living in a dream world and give serious thought to walking away from the debt. No, you shouldn’t feel bad about it, and you shouldn’t feel guilty. The lenders would do the same to you—in a heartbeat. You need to put yourself and your family’s finances first.’
  • Mortgage Bankers Association Defaults on $79 Million Asset 
  • CoreLogic September 2011 Housing Report
    • ‘Nevada had the highest negative equity percentage with 60 percent of all of its mortgaged properties underwater, followed by Arizona (49 percent).’
    • ‘”High negative equity is holding back refinancing and sales activity and is a major impediment to the housing market recovery. The hardest hit markets have improved over the last year, primarily as a result of foreclosures. But nationally, the level of mortgage debt remains high relative to home prices,” said Mark Fleming, chief economist with CoreLogic.
  • University of Arizona law professor offers his opinion on strategic defaults
    • ‘Arizona law professor Brent White says the only thing standing between many “underwater” homeowners and a better financial future is a misguided sense that walking away from a loan commitment is morally wrong.’
    • ‘It’s a double standard that says corporations can look out for their best interests, but individuals can’t,” White said…’

If I have an auction date or notice of trustee sale, can you still help me?

Yes, but it is essential you get in contact with us right away. Every day is critical in getting the auction stopped.