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

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

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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