Friday, August 27, 2010

it's okay to walk away let's end the "morality" double standard on mortgage defaults: Tech Ticker, Yahoo! Finance

it's okay to walk away let's end the "morality" double standard on mortgage defaults: Tech Ticker, Yahoo! Finance: "More and more commercial real-estate companies are doing what many indebted homeowners would like to do: Walk away from mortgages on properties that are now worth a lot less than they paid for them.

Today's Wall Street Journal highlights three major developers - Macerich, Vornado Realty Trust and Simon Property Group - that have recently decided to default on mortgages."

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