Property Grunt

Monday, November 30, 2009

This is not going to go over very well.

Professor advises underwater homeowners to walk away from mortgages

NATION'S HOUSING
Professor advises underwater homeowners to walk away from mortgages
Brent T. White, a University of Arizona law school professor, says that it's in the homeowners' best financial interest to stiff their lenders and that it's not immoral to do so.


What do I think? I will let you know later this week.