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The Morality of Strategic Default

UCLA Law Review Discourses, Forthcoming

Arizona Legal Studies Discussion Paper No. 10-15

13 Pages Posted: 1 May 2010 Last revised: 29 Oct 2010

Brent T. White

University of Arizona - James E. Rogers College of Law

Date Written: May 22, 2010

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.

Keywords: mortgage, strategic default, contracts, ethics

JEL Classification: K11, K12, K2

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

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

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