Strategic Default - Walking Away from a Mortgage

Real Estate Agent with Keller Williams Realty TN R.E. License 292369

One of the few places the dilemma of strategic default, or just walking away from an upside down mortgage, is discussed from all points of view is NPR.  I have to admit, that while I am not stuck in this situation, I really am not so sure if my moral compass would point to true north if I were.  Walking away when you are financially distressed is one thing, but walking away when can pay but it doesn't make financial sense is yet another thing.

Here is the broadcast from NPR's Morning Edition form October 28, 2010.  Read the article or listen to the pod cast.  

Many areas are seeing a lot of this and we will be seeing a lot more before it is all done.  

Did you listen to the story?  What are your thoughts?


Posted by

Franklin TN, Brentwood TN and Nashville Tennessee Real Estate

Keller Williams Realty
               Return to Mike's Blog List
Keller Williams Realty - Franklin
9175 Carothers Pkwy, Ste 110 | Franklin, TN 37067 | 615-778-1818
The opinions expressed by The Activerain Network and it's members and those providing comments are theirs alone, and do not reflect the opinions of Rodney Kennedy, Mike Nastri or Keller Williams Realty - Franklin, TN which is independently owned and operated. Neither Rodney Kennedy, Mike Nastri or Keller Williams Realty are responsible for the accuracy or content provided by The Community.

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Lending / Financial
upside down
strategic defaults

Post a Comment
Spam prevention
Spam prevention
Show All Comments
The Brewer Team - Benchmark Realty
Benchmark Realty - Franklin, TN

Mike - I agree with you, it seems unethical to walk away from a committment when you don't have to.

Nov 07, 2010 11:55 PM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Franklin & Brentwood, TN Homes Mike Nastri

It matters to us as much as it matters to you.
Buying or Selling your home, call Mike (615) 294-3912
Spam prevention

Additional Information