iOS app Android app

Strategic Defaults Debt Walkaway

Confusing Morality With Duty: It's the Reason You Keep Paying Your Underwater Mortgage and Overpriced Credit Cards

Nicholas Carroll | Posted 01.02.2012 | Business
Nicholas Carroll

In 2011 walking away from an underwater home or usuriously high credit card interest is not only moral -- it's good citizenship.

Three Sound Legal and Moral Reasons For Strategic Default

Nicholas Carroll | Posted 08.23.2011 | Business
Nicholas Carroll

The standard justification is that "It's in the contract that the bank gets the house if you default." There are three much stronger justifications.