Feeling Guilty About a Mortgage Default?

Source: Arizona Legal Studies Discussion Paper

Beyond Guilt in the Housing Crisis: The Morality of Strategic Default

Responding to those who argue that homeowners who strategically default on their mortgages are immoral and socially irresponsible, this article argues that breaching a mortgage contract is not only morally acceptable, it may be the most responsible course of action when necessary to fulfill more important obligations to one’s family.