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How to Walk Away from Your Mortgage

Posted by on Jan 12, 2010

Last December, we did a post about University of Arizona law school professor Brent T. White who advised that people should walk away from their mortgage if they are underwater.

Yesterday, Business Insider went a step further and provided a post and 14-slide deck on “How To Walk Away From Your Mortgage And Save Thousands Of Dollars Per Month.” Pretty brazen you say? Well, if you have a home that is underwater and it will take years — maybe a decade or two to break even, you begin to see the rationale of such a bold move.

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