The Morality of Strategic Default

White, Brent T.

doi:10.2139/ssrn.1597835

Abstract

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The Morality of Strategic Default

Brent T. White

University of Arizona - James E. Rogers College of Law

May 22, 2010

UCLA Law Review Discourses, Forthcoming
Arizona Legal Studies Discussion Paper No. 10-15

Abstract:
Responding to those who argue that homeowners who strategically default on their mortgages are immoral and socially irresponsible, this article argues that breaching a mortgage contract is not only morally acceptable, it may be the most responsible course of action when necessary to fulfill more important obligations to one’s family.

Number of Pages in PDF File: 13

Keywords: mortgage, strategic default, contracts, ethics

JEL Classification: K11, K12, K2

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Date posted: May 1, 2010 ; Last revised: October 29, 2010

Suggested Citation

White, Brent T., The Morality of Strategic Default (May 22, 2010). UCLA Law Review Discourses, Forthcoming; Arizona Legal Studies Discussion Paper No. 10-15. Available at SSRN: http://ssrn.com/abstract=1597835 or http://dx.doi.org/10.2139/ssrn.1597835

Contact Information

Brent T. White (Contact Author)

University of Arizona - James E. Rogers College of Law ( email )

P.O. Box 210176
Tucson, AZ 85721-0176
United States