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2. Underwater mortgage: What it is and what to do - AOL

   www.aol.com/finance/underwater-mortgage...

   Walk away from your mortgage. Another option is to simply walk away from the mortgage — a move called a “strategic default” — but, like a short sale or foreclosure, doing so can be ...

3. Walking Away From Your Mortgage: 3 Reasons It's a Bad Idea - AOL

   www.aol.com/news/2010-06-15-walking-away-from...

   If all the stories in recent months about walking away from your mortgage are to be believed, the practice of not paying this once-sacred obligation has become, if not quite acceptable, then at ...

4. Walking Away From Mortgage: What to Consider - AOL

   www.aol.com/2011/01/21/walking-away-from...

   Walking away from your mortgage has become a trend as more homeowners find themselves underwater -- that is, their home is worth less than their mortgage. But as Ann Brenoff explains, at our ...

5. Bank walkaway - Wikipedia

   en.wikipedia.org/wiki/Bank_walkaway

   A bank walkaway is a decision by a mortgage lender (a bank) to not foreclose on a defaulted mortgage (when the borrower has ceased to make the payments), or to not complete foreclosure proceedings (to "walk away" from the mortgage).

6. Who Walks Away From a Mortgage? Not Whom You'd Expect - AOL

   www.aol.com/news/2011-05-11-who-walks-away-from...

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7. Strategic default - Wikipedia

   en.wikipedia.org/wiki/Strategic_default

   A strategic default is the decision by a borrower to stop making payments (i.e., to default) on a debt, despite having the financial ability to make the payments.. This is particularly associated with residential and commercial mortgages, in which case it usually occurs after a substantial drop in the house's price such that the debt owed is (considerably) greater than the value of the ...