I wouldn’t want to name the professor and the institute, but if our universities have such law professors I would rather prefer not to educate my kids.

A law professor in Arizona teaches his students to walk away from the house and refuse repaying mortgage even if it loan amount exceeds one dollar than the current house value. Wow! What an insightful thought. And he wants the kids to be proud about it rather than guilty. Is he trying to be witty? Or may be he is simply foolish?

I don’t know about his wittiness or foolishness but he is definitely trying to be famous around the globe. At least that’s what you can conclude from the new educational paper he has released that urges more than 15 million American citizens to stop paying mortgage amount because it is not worth than the cost price.

He also reveals a method to do so. He says it would be foolishness just to walk away and ruin your credit score which could have helped you to buy another house or a car. So according to our foolishly witty professor, get a new home and new vehicle first and then generously default.

May be that’s a part of his law literature. However, isn’t he liable to teach a bit moral ethics to his students?

Here is what I can say he is trying to teach his students and other 15 million Americans:

1st example: Move inside a bank swiftly. Pick up hundred million dollars and walk away. It is definitely theft.

2nd example: You want money so you take a loan from the bank. As soon as you get the money, you choose not to repay it. Isn’t it a theft?

Now Mr. Professor, what you are trying to teach is how to do the first case with the help of second case. Just because you want to avoid being caught by the police under some law, in case you understand what law is.

There are many defaulters we have heard about recently. I am not blaming all of them for non payment. We completely understand if you are not able to repay the mortgage due to job loss and really don’t have money. We also understand if you were hospitalized and the bills took away almost all your savings and other money. We can also understand you being a defaulter if the bank tried to misinform you about the payment structure and tried to get additional money out of your pocket.

However, if you don’t repay the mortgage just because you purchased the house at a higher price, it’s no less than a theft. Who forced you to buy the house at a higher price? The bank?

Because it’s possible to fool a bank in such a manner doesn’t mean you should do it. It is also possible to blowup your own house or walk naked on the runway. Why don’t you do it?

You better learn some ethics Mr. Brent T. White, or ask any other professor from your University of Arizona Law School to teach you. Oops! I just revealed your identity. Is it a moral crime?