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