In reference to my previous articles and blogs (“It May Be Financially Irresponsible to Pay Your Mortgage” and “Why a Strategic Mortgage Default May Be Your Best Option),” I discussed this topic at great length. I talked about why there is no moral obligation in the purchase contract. The mortgage is a legal contract, not [...]

I published my article, “It May Be Financially Irresponsible to Pay Your Mortgage” on January 11th. The point is made that the mortgage is a business decision and a business contract is signed. The bank agreed upon the collateral (the house) and made the risk based on its own assessment of the collateral value. The [...]