Should Home Owners be Judged for "Strategic Defaults"

Is there a real moral question about home owners doing "Strategic Default" foreclosures....what choices do they have. Why should the homeowners pay for 30 years to cover the sins of an industry that got bailed out...

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If there is a real poll taken, we would have to be careful of the questions and the persons being called.

When it is your house, or someone in your family, suddenly the whole situation is looked at differently.

If we take the investors and flippers out of the equation, then we are left with the actual homeowners who have unfortunately got caught up in one of the biggest scams in US history. The banks and insurers are getting bailed out, yet the homeowner who is stuck in a home that will never get back to even is supposed to just stay put.

In every neighborhood, there are homes being offered for 50% of what people are now paying mortgages on. In the big picture, supporting your family over the next 20 or so years is the real job of the homeowners. If making a move now that frees up cash to actually support their families, and may lead to having a home that can be sold at a profit in the future, then why not explore the move.

Like it or not...more and more families are making these decisions. There is a home in a nice neighborhood not far from here that sold 4 years ago for 286,000. The home has been sitting empty now for a year, and now the BANK is offering the house for $ 48,000.00. Why is the bank not being held accountable??? They are now agreeing to sell it for this price, is this the real value....What just happened to the rest of the homes in the neighborhood....

Why wouldn't a neighbor down the street just change their street address and lower their payment by 70%. If I were in that position, I would get a lawyer and do it immediately.

This is the decision structure facing homeowners in many areas across the country. They, in good faith, were sold a bill of goods, and now they are faced with financial distress when the ones that perpetuated the debacle are being bailed out, and leaving the homeowners twisting in the wind....

Just my opinion......