http://ogdenrealestate.com Real Estate Search and Info for Ogden Utah Area Tue, 16 Feb 2010 23:35:28 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://ogdenrealestate.com/2010/02/strategic-defaults-are-they-ethical/comment-page-1/#comment-2 Utah Homes for Sale » Strategic Defaults – Are they Ethical? | Ogden Utah Real Estate - View Utah Real Estate Listings Tue, 16 Feb 2010 23:35:28 +0000 http://ogdenrealestate.com/?p=16#comment-2 [...] In my opinion it isn’t ethical. The bank never did them anything wrong, the owners are the ones who agreed to pay back the note when they signed it. Making banks lose $100,000’s of thousands of dollars by strategic default isn’t much different than armed robbery. Either way, the banks are going to lose money they are entitled too. via ogdenrealestate.com [...] [...] In my opinion it isn’t ethical. The bank never did them anything wrong, the owners are the ones who agreed to pay back the note when they signed it. Making banks lose $100,000’s of thousands of dollars by strategic default isn’t much different than armed robbery. Either way, the banks are going to lose money they are entitled too. via ogdenrealestate.com [...]

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