Comments on: Underwater Mortgages – What’s the “Right Thing” to Do? http://hobokenrealestatenews.com/2010/01/11/underwater-mortgages-whats-the-right-thing-to-do/ What buyers and sellers need to know about Hoboken condos and real estate. Mon, 06 Feb 2012 19:46:18 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Walking Away From Your Mortgage | Sacramento Real Estate Views | Rocklin and Roseville Homes http://hobokenrealestatenews.com/2010/01/11/underwater-mortgages-whats-the-right-thing-to-do/comment-page-2/#comment-4713 Walking Away From Your Mortgage | Sacramento Real Estate Views | Rocklin and Roseville Homes Thu, 14 Jan 2010 05:59:21 +0000 http://hobokenrealestatenews.com/?p=2412#comment-4713 [...] was surfing some of my favorite blogs today and ran into an article by Lori Turoff from [...] [...] was surfing some of my favorite blogs today and ran into an article by Lori Turoff from [...]

]]> By: Rob http://hobokenrealestatenews.com/2010/01/11/underwater-mortgages-whats-the-right-thing-to-do/comment-page-2/#comment-4711 Rob Thu, 14 Jan 2010 02:54:41 +0000 http://hobokenrealestatenews.com/?p=2412#comment-4711 It's certainly no one's job here to decide what is moral and immoral and seemingly correlate that to a smart financial decision the likes of which are made every day but the "experts" who are supposed to know what they are doing. Fact: Well over 125 banks failed in 2009. Moral or immoral? We trust these institutions with our money. Fact: Keeping an asset that has no chance of recovery in the near term is a waste of capitol..that's all, nothing more. That's how the financial world interprets it. You can sit around and take in the a** for the next 15 years or more under the guise of being "moral" or you can make a smart financial decision and get rid of a none performing asset. Let's separate morality from smart financial decisions as two don't and haven't ever mixed. That's the way the tax code is set up and the corporate world as well. On other news..Lori mind if I give you a PR 3 editorial link back to this article? It's a beauty! Rob It’s certainly no one’s job here to decide what is moral and immoral and seemingly correlate that to a smart financial decision the likes of which are made every day but the “experts” who are supposed to know what they are doing.

Fact: Well over 125 banks failed in 2009. Moral or immoral? We trust these institutions with our money.

Fact: Keeping an asset that has no chance of recovery in the near term is a waste of capitol..that’s all, nothing more.

That’s how the financial world interprets it. You can sit around and take in the a** for the next 15 years or more under the guise of being “moral” or you can make a smart financial decision and get rid of a none performing asset. Let’s separate morality from smart financial decisions as two don’t and haven’t ever mixed.

That’s the way the tax code is set up and the corporate world as well.

On other news..Lori mind if I give you a PR 3 editorial link back to this article? It’s a beauty!
Rob

]]> By: Tiger http://hobokenrealestatenews.com/2010/01/11/underwater-mortgages-whats-the-right-thing-to-do/comment-page-2/#comment-4686 Tiger Wed, 13 Jan 2010 18:06:16 +0000 http://hobokenrealestatenews.com/?p=2412#comment-4686 But the unit is rented / does this mean that underwater can continue collecting rent on the unit? BTW what happens in situations like that? Can the renter be evicted as well? But the unit is rented / does this mean that underwater can continue collecting rent on the unit? BTW what happens in situations like that? Can the renter be evicted as well?

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