Hat tip to Ray Pepper for pointing out Dori Monson’s radio segments yesterday and today on walking away from one’s mortgage.
Here are the audio segments (the first is about seven minutes long, the second about 10 minutes):
It’s interesting to note that in the second segment, Dori’s guest was Howard Bono, the subject of a number of recent posts on these pages. He makes basically the same argument about the ethics of walking away that I made in this pair of posts from a year ago:
I mostly agree with Howard’s comments on the air, although it is pretty disingenuous to claim that “most of the time you don’t get to review it [the mortgage contract], most of the time you don’t even read it” (at about 4:20 in the second clip). If you’re going to walk away, take responsibility. If you didn’t read the mortgage contract that’s nobody’s fault but your own. You certainly had an opportunity to review it, you just declined that opportunity.