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Strategic Default is a Moral Dilemma. That?s simply adorable, don?t you think?

By Implode-Explode Heavy Industries

``When I take out a mortgage I take on a certain amount of risk. And the investor funding my mortgage takes on a certain amount of risk. And we both hope the risks we?re taking pan out. If they don?t, for either party, well? that?s the way the cookie crumbles. The investor may decide he wants out of the deal for whatever reason and decide to sell the mortgage to another investor. And I may decide that it?s not working out for me, and if I do? and I can?t sell the property? well, I may walk away. ''

Full post as published by Mortgage Lender Implode-o-Meter on January 02, 2010 (boomark / email).