Is it OK to walk away from a mortgage?

According to a recent report by Pew Research Center

A majority of Americans say it is “unacceptable” for homeowners to stop making their mortgage payments and abandon their homes, according to a Pew Research Center survey. But more than a third (36%) say the practice of “walking away” from a home mortgage is acceptable, at least under certain circumstances.

Only 19 % of respondents living in the Midwest thought that it was acceptable to walk away from a mortgage. More surprising than that – at the time surveyed 21% said they owe more on their home than their house is currently worth

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