Professor Advises Underwater Homeowners To Walk Away From Mortgages
LA Times:
Go ahead. Break the chains. Stop paying on your mortgage if you owe more than the house is worth. And most important: Don’t feel guilty about it. Don’t think you’re doing something morally wrong.
That’s the incendiary core message of a new academic paper by Brent T. White, a University of Arizona law school professor, titled “Underwater and Not Walking Away: Shame, Fear and the Social Management of the Housing Crisis.”
Read the whole story: LA Times
Tags: Arizona, home, LA Times, Mortgage
Posted by Carlos Sagastume on March 9, 2010. Filed under HUD Homes.
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