Duane's World of Real Estate

Entries Tagged as 'Mortgage Defaults'

IS IT MORALLY WRONG TO DEFAULT ON A MORTGAGE?

August 17th, 2009 · No Comments

According to researchers of the Financial Trust Index[1] (University of Chicago and Northwestern University) 81% of homeowners interviewed agreed with the statement that “it is morally wrong to walk away from a house when one can afford to pay the monthly mortgage.”  Are these survey respondents correct?  Is it really morally wrong to intentionally default […]

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Tags: Mortgage Defaults · Stratigic Default · Financial Trust Index · Under Water · Purchase Agreements · Bob Hunt · The Market

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