walking away: STRATEGIC DEFAULT DOES NOT SIT WELL WITH MAJORITY
- 10/24/11 05:17 AM
Recently, an article appeared locally about people who walked away from an underwater asset. They had the means to continue to pay into this black hole of an investment. By "black hole" I mean that money put in will not come back even in the years to come. After much deliberation and sleepless nights and with financial counseling, they walked away ITS AN INNER TAFFY PULL TO DECENT FOLKS It was a difficult decision for these people to make and all the pros and cons in regards to it came up. It caused a taffy pull within ones self. One side … (3 comments)
walking away: STRATEGIC DEFAULTERS COMING FORWARD
- 10/19/11 08:31 AM
More and more people who can afford to keep underwater homes are finally making the decision to walk away. Banks unwillingness to negotiate together with financial advisers reporting that it is near folly to continue paying on something that will never make sense has borrowers taking action MAJORITY THINK IT IS A.... NO NO TO DO A survey held recently polling people at random reported that over 90% dis-approved defaulting and walking away for moral and ethical reasons. However, what should be considered in the same breath is the remedy that all agreed to up front when contracting. CONTRACT LAW GOVERNS...NOT … (3 comments)
Recently, an article appeared locally about people who walked away from an underwater asset. They had the means to continue to pay into this black hole of an investment. By "black hole" I mean that money put in will not come back even in the years to come. After much deliberation and sleepless nights and with financial counseling, they walked away
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