After posting a few blogs (“Foreclosure Scavengers” and “From Ethics to Credit“) regarding the practice and morals behind giving up on your mortgage, I have sounded out others and their thoughts on the subject. It definitely seems like there is no right and wrong here, but that it depends on each persons situation. In the end, I realized that the view of the greater public is really what we need to take into account.
Here, I found a poll determining the amount of people who would actually walk away from a mortgage (feel free to vote). The numbers do help me relax a bit.
Here is another interesting poll, determining who is responsible when both the bank and the homeowner abandon the home. I was surprised to see such glaring results pointing to the lender (bank). Your view?
Lastly, I created my own Poll to determine whether GreenTaxi users find the act of walking away from and giving up on a mortgage an unethical act or if the act is strictly a business decision.
No related posts.
