Your erstwhile Editor-at-large was roaming the streets of New York, when she happened upon this lovely couple from CA. They are among the 11 million households with negative equity in their homes. Unfortunately, they didn't qualify for mortgage modification, so I explained strategic foreclosure as an alternative.
Note: Broadway show fans MUST watch this video to the end--a special treat awaits you!
Jill Schlesinger
Jill Schlesinger, CFP® is the Emmy-nominated business analyst for CBS News. She covers the economy, markets, investing and anything else with a dollar sign on TV, radio (including her nationally syndicated radio show), the web and her blog, "Jill on Money." Prior to her second career at CBS, Jill spent 14 years as the co-owner and chief investment officer for an independent investment advisory firm. She began her career as a self-employed options trader on the Commodities Exchange of New York, following her graduation from Brown University.