In California and across the country, homeowners are doing what’s called “strategic defaulting” on their homes. This means that even though they can afford their mortgage payment, the borrower is so underwater on their home that they intentionally stop making payments and ultimately give their home back to the bank. Does it make sense for folks in these situations to walk away? Another question some folks are asking… Is it morally wrong for borrowers who can afford to continue paying their mortgages to strategically default?