{"id":10312,"date":"2009-11-28T08:13:45","date_gmt":"2009-11-28T14:13:45","guid":{"rendered":"http:\/\/dangerousintersection.org\/?p=10312"},"modified":"2009-11-28T08:13:45","modified_gmt":"2009-11-28T14:13:45","slug":"law-professor-stiff-the-mortgage-company","status":"publish","type":"post","link":"https:\/\/dangerousintersection.org\/2009\/11\/28\/law-professor-stiff-the-mortgage-company\/","title":{"rendered":"Law professor:  Stiff the mortgage company"},"content":{"rendered":"<p><a href=\"http:\/\/www.latimes.com\/classified\/realestate\/news\/la-fi-harney29-2009nov29,0,3801270.story\" target=\"_blank\" rel=\"noopener\">According to law professor Brent T. White,<\/a> many of the home owners who currently owe more on their mortgage than the house is worth should stop paying their mortgages and walk away from their houses: <\/p>\n<blockquote><p>\n[F]ar more of the estimated 15 million U.S. homeowners who are underwater on their mortgages should stiff their lenders and take a hike.  Doing so, he suggests, could save some of them hundreds of thousands of dollars that they &#8220;have no reasonable prospect of recouping&#8221; in the years ahead. Plus the penalties are nowhere near as painful or long-lasting as they might assume, he says.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p><a href=\"http:\/\/www.latimes.com\/classified\/realestate\/news\/la-fi-harney29-2009nov29,0,3801270.story\">According to law professor Brent T. White,<\/a> many of the home owners who currently owe more on their mortgage than the house is worth should stop paying their mortgages and walk away from their houses: <\/p>\n<blockquote><p>\n[F]ar more of the estimated 15 million U.S. homeowners who are underwater on their mortgages should stiff their lenders and take a hike.  Doing so, he suggests, could save some of them hundreds of thousands of dollars that they &#8220;have no reasonable prospect of recouping&#8221; in the years ahead. Plus the penalties are nowhere near as painful or long-lasting as they might assume, he says.<\/p><\/blockquote>\n","protected":false},"author":46,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[3230,5405,5406],"class_list":["post-10312","post","type-post","status-publish","format-standard","hentry","category-economy","tag-mortgage","tag-underwater","tag-walk","entry"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/dangerousintersection.org\/wp-json\/wp\/v2\/posts\/10312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dangerousintersection.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dangerousintersection.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dangerousintersection.org\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/dangerousintersection.org\/wp-json\/wp\/v2\/comments?post=10312"}],"version-history":[{"count":0,"href":"https:\/\/dangerousintersection.org\/wp-json\/wp\/v2\/posts\/10312\/revisions"}],"wp:attachment":[{"href":"https:\/\/dangerousintersection.org\/wp-json\/wp\/v2\/media?parent=10312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dangerousintersection.org\/wp-json\/wp\/v2\/categories?post=10312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dangerousintersection.org\/wp-json\/wp\/v2\/tags?post=10312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}