Reply #2: It's called strategic default. My mother in law is doing this. Her husband died and she can't afford [View All]

[jtown1123]

the mortgage and she has 2 predatory mortgages. Her husband was a business owner and the sole family breadwinner. She tried to sell her home but there have been no bites in a year and a half. On top of all that, her house is worth 400,000 less than what she owers on the mortgage. Some people are in shitty situations. Businesses do this all the time and there is no moral outrage. She'll save 12,000 a month and be able to sock it away for the future when she can no longer work. Even her lawyer advised her it was the right thing to do.