Should Homeowners Walk Away From Underwater Mortgages?

  • 1
    41.79% (657 votes)
    Yes
  • 2
    37.72% (593 votes)
    Maybe - Depends on situation
  • 3
    17.94% (282 votes)
    No
  • 4
    2.48% (39 votes)
    Undecided

Statistics

Votes: 1572
Views: 2792

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Comments

  1. kaduna said on Feb 16 2010, 11:02 AM:

    the fat cats got rich on us!! They committed fraud they bet on our mortgages failing and they won. We are the in suspecting losers. They used us and then they are going to ruin us with bad credit and deficiency judgements. It's the biggest ponzi scene ever!!

  2. butch said on Feb 15 2010, 16:02 PM:

    Wall street does not keep underwater investments. They are wealthy. Why be a sucker and pay for nothing when you can be smart like wall street. save the world - kill a greedy person

  3. Its Just Business said on Feb 10 2010, 20:02 PM:

    Sorry, but business is business. If the house is underwater, the loan makes little sense anymore.

  4. sagefool said on Feb 06 2010, 11:02 AM:

    If people should make financial decisions based on morals and not business principles, and corporations make decisions based on business principles and not morals - we are either stupid, or they are evil. Judging from Americas current state, I'd say both.

  5. Brent said on Feb 05 2010, 15:02 PM:

    Ya lets all walk away and see if we can get housing prices to drop even further. Great plan.

  6. Bob said on Feb 05 2010, 13:02 PM:

    Maybe Atlas should shrug.

  7. My oh my said on Feb 05 2010, 12:02 PM:

    Yeah, let's all walk about from our obligations. That's a surefire way to make things better. I cannot believe the results of this poll.

  8. jd-austin said on Feb 05 2010, 09:02 AM:

    be careful of deficiency judgements http://money.cnn.com/2010/02/03/real_estate/foreclosure_deficiency_judgement/index.htm

  9. flatwombat said on Feb 05 2010, 07:02 AM:

    What's not considered is the destruction of your credit rating and inability to buy another house as a result of 'walking away'. You're far better off to work with your lender than take independent action.