Walk Away Foreclosures - When is fighting for your home not worth it?

http://www.consumerwarningnetwork.com/2010/03/16/walk-away-foreclosures-when-...
One in four U.S. homeowners owes more on their house than their mortgage is worth. That's left many wondering whether they should just walk away and allow a foreclosure. It used to be that homeowners had an emotional attachment to their homes and would fight to keep them. But now, many lenders have made the process of avoiding foreclosure so difficult, that a growing number of Americans are starting to wonder if it's worth it.

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• Mel

[cpgone]

Working with her RE agent?

What a fool. They only know ,"its time to buy".

They are half the reason most fools are in this mess.Those parasites add nothing to anything.

Its all collapsing .WAKE UP

[eyewitness043]

@ cpgone - exactly.

Borrowers are walking away for the same reason China and other overseas investors are dumping Bonds. And that reason is the Real Estate and the Bonds Where overpriced an are now worth-less.

Corrupt rating agencies and real estate appriaser both triple AAA rated securities and over inflated home prices. Now, borrower and Investor are left holding the bag, meanwhile Wall Street got bailed out by the taxpayer thanks to Bush/Obama.

There should be a boycott of mortgages.

[teleutube]

It seems that Mr. Courson has been giving you moral advice about adhering to your moral obligations (I repeat again: mortgage contract are not moral obligations), while he has taken the DeCoster strategy, meaning he has objectively assessed financial strategies and has chosen the most financially prudent course. Mandelman reports that the Mortgage Banking Association also defaulted on their payments and secured a forbearance agreement, prior to the short sale.