One of the great debates currently whirling around the real estate world, and especially amongst struggling, upside down homeowners, is the question of if (or when) it is ethically acceptable to break one’s contractual obligation to repay your home loan.

In light of this “great debate”, an Arizona State University law professor, Brent White, has published a 50 page paper discussing the issues surrounding this real estate topic.  Some of his thoughts are included in this article attached below.  No doubt, emotions on the subject run very deep and the question is never as easy to answer as one first thinks.

Read Article Here

Do you have any personal feelings one way or the other on the subject?  Feel free to leave your comments in the comments section below.  To learn more about urban living and the Downtown Tempe lifestyle please contact the downtown Tempe urban living broker:

Tom Tokoph | 602.549.9000

Designated Broker | Urban Realty & Development