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Loan Modification

: Mortgage Lender Implode-o-Meter

Walking Away Goes Mainstream; Yes It's OK; Moral Obligations Yet Again

By Implode-Explode Heavy Industries

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" As many Americans begin to realize that it will be many years (if not decades) before their houses are worth what they owe on them, the idea of walking away from your mortgage is going mainstream. Not surprisingly, the mortgage industry is doing everything it can to prevent this, including telling homeowners that they have a "moral obligation" to pay."

Full post as published by Mortgage Lender Implode-o-Meter on January 16, 2010 (boomark / email).

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