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Morality begins at home, unless the loan's underwater

Full story: Chicago Tribune

Is it immoral to walk away from your mortgage -- to say "sorry, but bye-bye" because the house now is worth less than the loan that helped you to buy it? Apparently, most people think, yes, doing that would be wrong.

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MichaelM

Chicago, IL

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#2
Jul 6, 2009
 
Given the way banks are ignoring customers like me, who want to refinance at a the better rate, but cannot because their loan-to-value isn't good enough, I'm more inclined to walk away than I would have been a year ago.
bill

West Chicago, IL

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#3
Jul 8, 2009
 
The people who are walking away are going to have to pay rent somewhere else. Why don't the banks renegotiate, if not the amount due, at least the repayment schedule to keep people in these homes?
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Daily Horoscope for December 8

Pisces

You're capable of making some very constructive and important decisions today, particularly where your relations with certain people are concerned. If you're fed up with the way someone has been treating you, you might now decide that the worm is about to turn and you're going to be much firmer about what you're prepared to put up with and what you won't tolerate.

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