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Loan Modification

: Loan Modification & Home Loan News

Sometimes walking away from your mortgage makes economic and ethical sense

By Moe Bedard

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Q. Many public figures are urging people to pay their mortgages even if they are “underwater.” What does Judaism say about this? A. Housing prices always have cyclical ups and downs. But once upon a time, mortgages were only given with a hefty down payment, usually at least 20%. The only way the mortgage could be [...]

Full post as published by Loan Modification & Home Loan News on February 22, 2010 (boomark / email).

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