Unfortunately, the public and homeowners are being bombarded with all kinds of conflicting information, as well as disinformation.
Along with the 60 Minutes segment on Strategic Default, Roger Lowenstein, a New York Times Magazine contributor, wrote an article for the magazine that was published on January 10, 2010 titled "Walk Away From Your Mortgage!".
I do not know how many subscribers the NY Times magazine has, but you can bet millions of people have read this article.
Until there is consensus throughout our society on what should be done and how to handle the current housing/foreclosure/financial crisis - mass confusion will continue at every level. Foreclosures have moved from a homeowner/bank problem to a social problem...
You can view the 60 Minutes segment on Strategic Default right here:
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