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Posted on 10/11/12 at 11:25 am to SlowFlowPro
quote:
morally? no
it's a contract. there are mechanisms in place in the result of a breach. morality plays no part in that mutually-bargained exchang
I agree with this fully.
Why do you think so many people regard it as a moral obligation, though?
Posted on 10/11/12 at 10:16 pm to SlowFlowPro
There is no moral component to a mortgage default as far as I can tell. A negative psychological component for the homeowner, sure, but the bank isn't lending that money in pure good faith.
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