Brent T. White: Law Professor Advises Underwater Homeowners to WALK AWAY from Mortgages

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Brent T. White, a University of Arizona law school professor, says that it's in the homeowners' best financial interest to stiff their lenders AND that it is NOT immoral to do so!

Read Kenneth R. Harney's LA Times article here:

http://www.latimes.com/classified/realestate/news/la-fi-harney29-20...

Here is the actual paper available on the Social Science Research Network:

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1494467

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Now the Wall Street Journal weighs in on the "new" American Dream...

http://online.wsj.com/article/SB126040517376983621.html?mod=rss_com...