re: Is "walking away" from a mortgage wrong?

quote:

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I think the business ethics argument gives both ways.

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it does, just like the assume risk and the resulting damages

now i can see an argument for a moral issue if a bank DOES offer a new deal to a homeowner and THEN the homeowner walks away...or the homeowner misleading the bank in order to get "free" time living in the property. i get that. that's basically fraud/theft