http://www.houserepos.net/blog/foreclosure/foreclosures-contained-proper-regulations/ Repo House Listings and Real Estate Foreclosure Information Fri, 20 Nov 2009 17:51:13 -0500 http://wordpress.org/?v=2.8.6 hourly 1 http://www.houserepos.net/blog/foreclosure/foreclosures-contained-proper-regulations/comment-page-1/#comment-1465 Foreclosed Loans Raises Questions about Morality | House Repos Blog Mon, 13 Jul 2009 23:00:27 +0000 http://www.houserepos.net/blog/?p=1668#comment-1465 [...] Foreclosed loans are raising questions about morality. Generally people feel it is not right to escape from loans unless one is deep underwater. By underwater loans are meant those loans whose amounts are more than the worth of the properties mortgaged. If the house value has fallen to abysmal depths is it right for the borrower to just walk away from the house and the loan? Many think it is not moral to do so. But there are many others who will justify their stand considering the extraneous circumstances. For others it is not a matter of justification – they will walk away whether right or wrong. [...] [...] Foreclosed loans are raising questions about morality. Generally people feel it is not right to escape from loans unless one is deep underwater. By underwater loans are meant those loans whose amounts are more than the worth of the properties mortgaged. If the house value has fallen to abysmal depths is it right for the borrower to just walk away from the house and the loan? Many think it is not moral to do so. But there are many others who will justify their stand considering the extraneous circumstances. For others it is not a matter of justification – they will walk away whether right or wrong. [...]

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