rc3.org Rafe Colburn on software development (and other topics)

Honor thy mortgage contract

In Commentary on 11 January 2010 tagged with 1 comment

Is it ethical to walk away from an underwater mortgage? The New York Times’ Roger Lowenstein says it is. Stan Collender at Capital Gains and Games says it isn’t.


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As long as Wall Streeters (I remember specifically hearing this from Donald Trump, but I’ve heard it from others) refer to bankruptcy of their majority owned corporations as “a strategic move”, I have no problem with mortgage-holders who walk.

Posted by Dan Lyke on 11 January 2010 @ 7pm

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This is the weblog of Rafe Colburn. I'm a software developer and computer book author, but this blog is really about whatever catches my interest on a day to day basis. I've been blogging since December, 1998.

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