UCLA Law Review Discourses, Forthcoming
13 Pages Posted: 1 May 2010 Last revised: 29 Oct 2010
Date Written: May 22, 2010
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.
Keywords: mortgage, strategic default, contracts, ethics
JEL Classification: K11, K12, K2
Suggested Citation: 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: https://ssrn.com/abstract=1597835 or http://dx.doi.org/10.2139/ssrn.1597835