Property Profile

For almost a year, the Obama administration has been pressuring banks into renegotiating home mortgages to help homeowners stay in their homes. If your mortgage is seriously underwater, why bother?

You no longer own your house. Your house owns you.

When banks sold us on the notion that a house was an investment instead of an expense, the path to ruin was blazed.

When did a contract become a moral issue? Let’s examine mortgage default, and even strategic default (you have the ability to pay but do not because it makes no financial sense any longer).