Plenty of articles published on strategic defaults, even a few websites that will provide guidance (I assume for a fee).
This
one pretty much sums it up the best...
Quote:
If you owe a ton more than what your home is worth, the only real holdups to walking away from your mortgage are your sense of obligation, your fear of getting a bad credit score, and your personal attachment to the home. If you're not that in love with the house (there are others), and you can live with bad credit (many people can and do), it basically comes down to responsibility—and often, the shame and guilt you'd feel if you shirked that responsibility. Generally speaking, shame and guilt don't enter the equation when it comes to smart business strategy. So should they factor in to your decision to pay the mortgage or not?
Read more: Strategic Mortgage Default: The Irresponsible, Amoral, But Best Strategy? - It's Your Money - TIME.com
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