Skip Navigation
NPR News
Homes for sale in Arizona (Joshua Lott/Getty Images)

To Stay Or Walk Away

by Caitlin Kenney
Jan 29, 2010

Hear this

This text will be replaced
Launch in player

Share this

Explore this

Reported by

Caitlin Kenney

On today's Planet Money:

We hear from Mary Kinsley, a lawyer in Phoenix who works at a legal help-line for people with real estate questions. She says her unit gets around 100 calls a day, almost all from people asking about foreclosure.

Mary says that starting last year, the questions changed dramatically. In 2007 and 2008, callers couldn't pay their mortgages but wanted to Mary to help them find a way to keep their houses. Now most callers aren't trying to avoid foreclosure, instead they want Mary to help them bring it on as fast as possible. It's called strategic default, where the borrower owes so much more than the house is worth, that it makes more sense to just give the keys back to the bank.

Download the podcast; or subscribe. Music: Temper Trap's "Fools." Find us: Twitter/ Facebook/ Flickr.

Copyright 2014 NPR. To see more, visit

Missing some content? Check the source: NPR
Copyright(c) 2014, NPR

Visitor comments


NCPR is supported by:

This is a Visitor-Supported website.