morals: So, Where is the "Moral Obligation" on Commercial Loans and Strategic Defaults? - 02/01/10 10:44 AM
There has been article after article and blog post after blog post on the subject of strategic defaults and the 'moral dilemma' of it (or lack there of, if that's your position).  Many believe that it is immoral for a person to decide to strategically default on their mortgage.Let's stop there for a minute and define strategic default.  In a nutshell, strategic default is when a borrower who is financially capable of making the monthly mortgage payment, decides to stop paying and let the bank foreclose on the property.People who think that it's immoral to make the decision to default strategically … (21 comments)

morals: Banks Are Stupid At Business but the Homeowner is Supposed to Have Morals? - 07/08/09 04:26 PM
There's been a lot of interest around the mortgage defaults issue of late.  It started with Richard Zaretsky's blog "WALK AWAY FROM THE PROPERTY - STRATEGIC MORTGAGE DEFAULTS GROW TO 26%.  Then Broker Bryant's great post, Morally Wrong....OR...Financially Sound?, followed, by Jon Zolsky's posts, Painfully Adjusting to the World, and now, Show Me The Soul...
Some seem to think that it's morally wrong to make a decision to not pay your mortgage.  I'm not arguing for or against that here.  Everybody has their positions on this and likely nothing anybody else says is going to change their thought process on the … (29 comments)