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Loan Modification

: Loan Modification & Home Loan News

Moral and Ethical Dilemma of the Strategic Default

By Moe Bedard

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Rather than refinance or rent out the home, so-called strategic defaulters walk away from it. In today’s Economy Project segment, KERA’s Sam Baker talked about this with Todd Mark of Consumer Credit Counseling Services of Dallas. Todd Mark: There’s a moral and ethical dilemma here. We’re seeing plenty of people that can’t afford their mortgage [...]

Full post as published by Loan Modification & Home Loan News on July 05, 2010 (boomark / email).

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