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

quote:

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Why do you think so many people regard it as a moral obligation, though?

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That's a good question.

I think deep down everyone wants to stay in their home and honor their commitments. I think there is some since of "failure" that goes along with it, because once you could afford it and now you can't.

In my own experience, we really liked our house. We worked to get the loan modified but our lender couldn't meet us half way. So we did the short sale, even though I hated to do it.