That is the title of a Wall Street Journal article which ran on February 26^th. The article sites instances where it may be wise to walk away from your mortgage and give the house back to the lender.

The author of the article, Brett Arends, states the following; “Sure, a strategic foreclosure may hurt your credit score. But if you're in financial difficulties, it has probably already suffered. And your credit score is not the only thing in life that matters”.  

The article continues, “Still, when it comes to the idea of walking away from debts, many people are held back by a sense of morality. They feel it's wrong to abandon their obligations. They don't want to be a deadbeat. Your instincts, while honorable, are leading you astray. The economy is fundamentally amoral.”

In The Business of Me we advocate that you make decisions that are in the best interest of your family and sometimes filing a bankruptcy or doing a “strategic foreclosure” may be one of those decisions.

This article is a must read http://online.wsj.com/article/SB10001424052748703795004575087843144657512.html.