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  • Mary K. Lenahan, J.D., Realtor

Emotions of Guilt & Shame in Strategic Default Encouraged by Government and Media Says Law Professor


Banks Manipulate Americans' Emotions

Stratetegic Defaults

According to a Law Professor at University of Arizona, Professor Brent White, even if it makes  financial sense to walk away, many people don’t because they want to  avoid feelings of shame and guilt.  In addition there is an exaggerated fear of the consequences of foreclosure.

According to Professor White, emotions of fear, shame and guilt are encouraged by various groups including the government and the media.   New York Times (12-14-10) Should You Walk Away From Your Mortgage?

 

 Mary K. Lenahan, JD, Realtor
Beautiful-California-Homes-For-Sale.com
SEARCH THE MLS HERE
(626) 798.9050
Mary.Lenahan@Dilbeck.com
Cell/Text: 626.226.6056
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DRE 01867737
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