When Not to Walk Away From a Mortgage

January 26, 2011  |  

(New York Times) — If you’re underwater — that is, you owe more on your home than it’s worth — a University of Arizona law professor, Brent White, can help you sort out your options.  In his new book, “Underwater Home: What Should You Do if You Owe More on Your Home than It’s Worth?” Professor White outlines “when it makes financial sense to stay in your underwater home and when it makes sense to get out.”  The guidelines and calculations he suggests in his book go beyond just entering your situation into an online tool like the one offered by YouWalkAway.com, which we covered in a Bucks post earlier this year.

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