Detailed text transcripts for TV channel - KGO - 20110922:10:08:00
Blueprint for katie and others underwater by 20% or more, is to ask the bank for a short sale, selling the house for market value, even if it is less than what is owed. if they won't, she says stop making payments and save that money until the bank forecloses. is it unethical to walk away? >> are you kidding me? of course you should walk away if the bank isn't willing to help you. >> reporter: this strategic default plan is used by banks, too. they call it commercial mortgage default. morgan stanley did it, walking away from its lender on six san francisco office buildings in 2009. it is not a...