Industry NewsMortgage

Professor promotes plight of real estate walkaways

Profile: Brent T. White
Published on Jan 24, 2011

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by CareyBot

Some people regard Brent T. White's point of view as an affront to basic notions of right and wrong -- perhaps even a threat to the general financial well-being of the country.

Others see him as a voice of reason, a calm explainer of a stance that just a few years ago was nearly unheard-of in this country: that walking away from a mortgage contract not only can make financial sense for some homeowners, but it also can be morally justifiable, an act that shouldn't be a source of shame.