<p>Great post somemom. I read the article this morning and I wondered why the author was going on and on about the ethical dilemma about not paying his mortgage anymore. I didn’t even get what his dilemma was, now I get it. Most people don’t walk away from a mortgage because they would lose too much personally but financially the author benefited from the short sale. I guess that is why the bank insists on private mortgage insurance if your down payment is less than 20%.</p>