It’s interesting that the banking community doesn’t want consumers to walk away from their homes when the house has lost so much value that the home is now worth less than the mortgage. But this would be the very same banking community that made these unrealistic and dubious loans to begin with during the high flying mortgage days.
More consumers are learning that it might just make good business sense to walk away from a home they can’t sell and the bank won’t allow them to sell at a loss.
