http://www.totalnoid.com/2009/12/03/professor-advises-underwater-homeowners-to-walk-away-from-mortgages/ Random Noid Musings Sat, 28 Jan 2012 03:38:53 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://www.totalnoid.com/2009/12/03/professor-advises-underwater-homeowners-to-walk-away-from-mortgages/comment-page-1/#comment-9355 CHESSNOID Mon, 14 Dec 2009 07:10:58 +0000 http://www.totalnoid.com/?p=4441#comment-9355 Hi Alexandra, I agree with your assessment. Prof White puts the homeowner on equal footing when analyzed strictly financially. I definitely think that Wall Street has failed and that they should not have been bailed out. Thanks for the comment. :smile: Hi Alexandra,
I agree with your assessment. Prof White puts the homeowner on equal footing when analyzed strictly financially. I definitely think that Wall Street has failed and that they should not have been bailed out.
Thanks for the comment.

]]> http://www.totalnoid.com/2009/12/03/professor-advises-underwater-homeowners-to-walk-away-from-mortgages/comment-page-1/#comment-9354 CHESSNOID Mon, 14 Dec 2009 07:08:39 +0000 http://www.totalnoid.com/?p=4441#comment-9354 Hi Ray, Thanks for the comment. Sometimes it is hard to see good advice until after the fact. Sorry they didn't take your suggestion and save themselves. Cheers. Hi Ray,
Thanks for the comment. Sometimes it is hard to see good advice until after the fact. Sorry they didn’t take your suggestion and save themselves.
Cheers.

]]> http://www.totalnoid.com/2009/12/03/professor-advises-underwater-homeowners-to-walk-away-from-mortgages/comment-page-1/#comment-9353 Alexandra Mon, 14 Dec 2009 07:05:37 +0000 http://www.totalnoid.com/?p=4441#comment-9353 Prof. White is trying to highlight that the financial relationship of such contractual liabilities need not be viewed only thru the lens used by wallstreet. A different definition of immorality, i.e., walking away, is being applied to the consumer by wallstreet and the implied fear of future financial creditworthlessness. However, if one is to apply the same standard to wallstreet then they have not only failed, but have been rescued, whereas the homeowner is worse off! Prof. White is trying to highlight that the financial relationship of such contractual liabilities need not be viewed only thru the lens used by wallstreet. A different definition of immorality, i.e., walking away, is being applied to the consumer by wallstreet and the implied fear of future financial creditworthlessness. However, if one is to apply the same standard to wallstreet then they have not only failed, but have been rescued, whereas the homeowner is worse off!

]]> http://www.totalnoid.com/2009/12/03/professor-advises-underwater-homeowners-to-walk-away-from-mortgages/comment-page-1/#comment-9277 RAY HELTON Sun, 06 Dec 2009 20:17:18 +0000 http://www.totalnoid.com/?p=4441#comment-9277 I AGREE TOTALLY WITH PROF. WHITE. I TRIED TO GET MY DAUGHTER AND SON-IN-LAW TO WALK AWAY FROM $100,000 IN CREDIT CARD DEBT OVER TWO YEARS AGO. HIS FAMILY DISAGREED WITH MY PLAN. NOW, THEY ARE REALLY HEAD OVER HEELS UNDERWATER IN THEIR HOME AND STRUGGLING TO MAKE ENDS MEET. IF THEY HAD FOLLOWED MY ADVICE, THEIR CREDIT WOULD HAVE BEEN GROSSLY REPAIRED BY NOW. I AGREE TOTALLY WITH PROF. WHITE.
I TRIED TO GET MY DAUGHTER AND SON-IN-LAW TO WALK AWAY FROM $100,000 IN CREDIT CARD DEBT OVER TWO YEARS AGO. HIS FAMILY DISAGREED WITH MY PLAN. NOW, THEY ARE REALLY HEAD OVER HEELS UNDERWATER IN THEIR HOME AND STRUGGLING TO MAKE ENDS MEET. IF THEY HAD FOLLOWED MY ADVICE, THEIR CREDIT WOULD HAVE BEEN GROSSLY REPAIRED BY NOW.

]]>