Strategic default & strategic short sales in CT- Questioning morality.

Real Estate Agent with CG Real Estate

So is it immoral to strategically short sale your home or stop paying your mortgage when you can afford it?

Is the moral obligation to repay your mortgage debt greater than the moral obligation to provide financial stability for you and your family?

If I was forced to choose my family or my bank, my morals steer me toward the financial stability of my family every single time.

Easy decision for me. What about you?


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Who To Call For Your Real Estate Needs In Connecticut:

Patrick James is a REALTOR that can assist you with all your real estate needs in Connecticut. Patrick resides in Middlesex County but also offers Real Estate Services in New London and Hartford counties, as well as portions of Windham, Tolland, Litchfield and New Haven Counties. Patrick  can be contacted via phone or text message at (860)550-5267 or



Patrick W. James and CG Real Estate are not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit.

Comments (4)

Edward & Celia Maddox
The Celtic Connection Realty - Queen Creek, AZ

If this is the reason as you don't have a choice, but there are some who walk away even though they could make the payments.

Oct 17, 2012 01:57 AM
Dan Hopper
Dan Hopper - Gold Way RE - Westminster, CO
Denver Broker / Real Estate Advocate

You have touched a very interesting subject, Patrick.  Over the years, the banks have learned to ask for supporting documentation to their best in addressing the "strategic defaulting" issue.  You are right, moral or immoral in making the right decision, can be a tough decision.  Folks have to do what is necessary to move on with their lives!! 

Oct 17, 2012 01:59 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Patrick, it's not for me to say or judge someone but it does make for interesting discussions. 

Oct 17, 2012 04:06 AM
Steven Cook
No Longer Processing Mortgages. - Tacoma, WA

Patrick -- you do raise some very interesting concepts here - however, I doubt it is ever quite that clear cut.

Oct 17, 2012 08:09 AM