Wednesday, February 20, 2008

Why Not Just Walk Away from Your Home Mortgage

"Are you stressed out about mortgage payments?" asks the site rhetorically. "Is foreclosure right for you?" it queries, but doesn't wait for an answer. "You are not alone — over 2.9 million homes have foreclosed in the last three years," it says. The not-so-subtle message: Foreclosure need not be a shameful, life-ruining experience. In fact, the company will gladly hold your hand through the foreclosure process—for a fee, of course. Foreclosure, we're told, is a last resort, an option that no responsible homeowner would ever choose."

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