[quote=sreeb]
I view staying, forcing foreclosure, and stalling the process while not paying as a clear ethical problem.
[/quote]
What about staying and just waiting until the bank takes your house? Not stalling the bank, but just waiting for the overwhelmed bank to finally get around to taking their house back.
I have a friend in Murietta who is about 300k upside down on his house. He is considering a strategic default and asked my opinion. I told him I thought he should stop making payments and wait for the bank to take his house back. His wife thinks that is wrong. I think it’s a business decision.
I’m curious what your distinction is between giving the bank the house back right away and waiting for them to take it.
