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Walking Away From Your Mortgage
from National Public Radio
Guests
James Hagerty, reporter for The Wall Street Journal
Brent White, law professor at the University of Arizona
January 14, 2010
More than 10 million households have 'underwater mortgages,' wherein the property is worth less than the mortgage. These homeowners cannot take advantage of lower rates or refinancing deals, and t
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If you stop paying your mortgage and "walk away" while you can afford your mortgage it's called called a strategic default.
Do not underestimate how much American spending / economic data is being supported by the defaulters... walk away from your largest debt and your monthly spending can immediately shoot up. Even in some pieces in early 2008, we were seeing for the first time in US history p
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