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01/31/10
‘Walking away’ not immoral, prof says
Filed under: General, Mortgages
Posted by: Lillian Wong @ 4:23 pm

Arizona law professor Brent White says the only thing standing between many “underwater” homeowners and a better financial future is a misguided sense that walking away from a loan commitment is morally wrong.

 

White, an associate professor at University of Arizona’s James E. Rogers College of Law, has spent the past few months presenting his argument to other lawyers, real-estate professionals and the national media.  more…



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