Good discussion of the rules for Main Street being different from the rules of Wall Street. Often it makes financial sense to walk away. From a business stand point most companies wouldn’t think twice. They make their decisions based on dollars and cents. The factors that affect us as home owners involve social consequences that reach much deeper on a personal level.
I found it interesting the same folks who defend big business (Banks and Mortgage Lenders) over job cuts, executive bonuses and low instance of loan modifications are the same folks who besmirch a home owner’s honor for walking away. Who’s right?
Categories: Featured, Foreclosure Buying
