Gibsonia Pennsylvania homeowners live in an area of the country where a large number of strategic defaults are occurring. The latest trend that is thought to be a result of the huge numbers of homeowners who are underwater on home loans is strategic default. This is when borrowers who own homes that are not worth the amount of the loan that is being paid decide to stop paying their mortgage. They continue to pay other debts, such as auto loans and credit cards. Gibsonia Pennsylvania homeowners have joined other homeowners in many parts of the U.S. that have decided the wait for the equity to return in their home is not worth it. The trend is believed to be contagious. Gibsonia Pennsylvania homeowners watch others default and they begin to see this option as worthwhile. They look at the prospect of waiting for years for the home to provide a positive equity and strategic default becomes even more of an attractive option. CoreLogic, a consumer, financial and property information provider