Comments on: Walking away from a home: Has it come to this?

By: Roger

Roger — Mon, 27 Jul 2009 16:20:04 +0000

Businesses and corporations do this all the time. When the numbers no longer work, they fold, walk, or litigate.

Homeowners are expected to play on the field of personal responsibility but the lending industry acts on a plane where the bottom line is the bottom line. Consumers are simply rejecting the notion that they play by different rules.

Risk is a two-way street. If lenders and investors tragically misunderstood their risks, well, welcome to the market!

Might this have adverse consequences to the future of mortgaging? Yes, but this is the end result of giving the lending community the freedom from regulation that it fought for so vigorously!

By: FutureRob

FutureRob — Fri, 01 May 2009 02:47:46 +0000

“Mortgage lenders will do everything they can to keep you in your home.”

I disagree, completely. I live in Las Vegas and no one I know has been able to work anything out with the lender.

By: AK bank naar 4.8% | hilpers

AK bank naar 4.8% | hilpers — Sun, 18 Jan 2009 15:08:53 +0000

[...] away’ van mensen die hun hypotheek wel kunnen betalen maar daar mee stopen omdat het goedkoper is ( http://www.propertycrossroads.com/wa…-come-to-this/ Voor die lol zal toch uiteindelijk iemand moeten opdraaien, en Europese kleine spaarders zijn [...]

By: RealEstateUndressed » Blog Archive » The Price Is Right If You Walk Away

Tue, 26 Feb 2008 19:19:30 +0000

[...] As Dan of the Property Crossroads blog writes: The mortgage industry calls this practice of voluntarily walking away from mortgages “ruthless default. It is ruthless, it is causing a blight on many cities neighborhoods. [...]