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Loan Modification

: Loan Modification & Home Loan News

Anger, not money, drives most who walk away from mortgage

By Moe Bedard

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WASHINGTON – Memo to the bank: Take this underwater, money-sucking house and shove it! Go ahead and wreck my credit for years to come. I’m walking away no matter what. Why? That’s the provocative question posed by Brent T. White, a University of Arizona law professor whose academic paper on the fast-spreading “strategic default” phenomenon last year [...]

Full post as published by Loan Modification & Home Loan News on May 21, 2010 (boomark / email).

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