[lbo-talk] Taxing Mortgages

dredmond at efn.org dredmond at efn.org
Tue Dec 9 10:10:19 PST 2008


On Tue, December 9, 2008 4:39 am, Jordan Hayes wrote:


> I think my original statement stands: walking away from a mortgage is
> not something to take lightly.

Sure, no disagreement there, but the tax laws are complicated and there are lots of situations where walking away makes sense. And others will walk away even when it isn't the best solution, due to things like medical emergencies and little things like, you know, the death of the auto industry.

-- DRR



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