My 3 problems with getting so exercised over it are...
1: if this is so disgusting, then...bailing out thieving bankers is at least as disgusting. As is having your taxes and fees raised relentlessly to aid whole new classes of government-dependent workers and welfare recipients. As is having your taxes raised to support an administration so viciously pro-abortion (if that happens to be a hot button for you) and anti-freedom and anti-Israel and anti-Constitution.
2: it’s making an emotionally-charged decision
3: it potentially places you in a situation of serious emotional stress; not just from the financial standpoint, but from the standpoint of realizing that we, as a society, have become seriously debased in terms of honesty and fair dealing, like it or not. I find that as disgusting as you do. But it’s also a source of stress to judge (almost) everyone else a crook and place yourself upon a pedestal of moral superiority. To be clear, I am NOT saying “it’s OK because everyone else is doing it”. I am saying: Be selfish and consider your own health and sanity and price you may well pay for sticking to your guns, admirable as they may be. Is there a difference? Maybe not. Maybe if you take 15 years off your life stressing yourself out over a pile of wood and wire and pipe, that isn’t so good either.
Having never received a dime of government aid in the form of welfare or unemployment bennies, other than the normal tax breaks to which everyone is entitled, I support and applaud your stance of honoring ones’ agreements, and in the overwhelming majority of cases I act from that standpoint as well. But that mortgage agreement also includes a remedy for the lender as discussed in prior posts and which is no secret.
I just don’t support making this decision within a single dimension of thinking.
I’m a Catholic...we don’t have shades of grey.....wrong is wrong.