Walk Away: Why More People Should Abandon Their Homes

Millions of Americans, whose homes are now worth significantly less than their mortgage, could be making an expensive mistake by continuing to try and pay their loan off when they should, instead, be walking away. In fact, owners are willing to keep piling money into a losing investment simply because they're ashamed to foreclose, according to a controversial new study. "Homeowners should be walking away in droves. But they aren't," writes Brent White, an associate professor of law at the...Full Story
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