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  • Mary K. Lenahan, J.D., Realtor

Why is a Strategic Default Good Business Decision for the Banks, But Not for Individual Americans?


Strategic Defaults - the Banks are Doing it, why not Americans?

Strategic Defaults – the Banks are Doing it, why not Americans?

If you can afford to pay your mortgage, but it makes no economic sense to keep the property since its value is substantially less than the mortgage,  should you keep it or walk away?

The banks want Americans to think that making a financial decision to walk away is a morally shameful thing to do.

This begs the question:

If a  “Strategic Default” is good business decision for Morgan Stanley – why is it not a good business decision for the individual American taxpayer?    See Wall Street Journal (12-17-09) : Walk Away News: Morgan Stanley Gives Properties Back to Lender

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