youwalkaway.com

[stephenandrew]

Should You Walk Away? - Educate Yourself On Your Rights If You Face Foreclosure. Our Website Can Help You.

Folks here seem to be on top of stuff very quickly, but in case this was missed, I thought I would post this link. Apparently there are companies that have sprung up to help folks who are upside down on their mortgage "get the most out of the situation", e.g. explaining to them how to stay in their home as long as possible w/o paying, how/when to walk away from the house, etc. Blew me away how casually some folks feel about their financial obligations.

 

[Gumby]

Already discussed at length on this thread
http://www.early-retirement.org/forums/f28/walking-away-mortgage-loan-33900.html#post626143

and this one
http://www.early-retirement.org/for...payments-continue-living-your-home-33854.html

 

[ziggy29]

People who are capable of paying underwater mortgages but CHOOSE to walk away are every bit as criminal as the shady lenders who pumped this subprime crap, IMO.

I'm not talking about people who find themselves underwater after losing a job that erases their ability to pay; I'm talking about those who are choosing not to honor their obligations when they are capable of it.