Gregory K. Stern, P.C. Gregory K. Stern, P.C. Gregory K. Stern, P.C. | Page 2

monthly mortgage payment, forcing their lender to initiate a foreclosure action. This is
known as a strategic default. While this may sound enticing to some homeowners, there
are disadvantages to a strategic default, including but not limited to the possibility of a
deficiency judgment and a negative impact on your credit score. If you are considering
walking away from your property call Gregory K. Stern - Chicago Bankruptcy Attorney
to discuss your options.