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Strategic Defaults/Business Ethics

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The reading describes the practice of “strategic defaults.” This term is also described in the separate reading on “Ethics of Real Estate Strategic Default.” What does this term mean and what is your view on whether it is unethical for a homeowner to strategically default? Are there circumstances that would make such an action acceptable from an ethical standpoint? http://fcic-static.law.stanford.edu/cdn_media/fcic-reports/fcic_final_report_chapter22.pdf https://www.biggerpockets.com/blog/2010-05-03-ethics-of-real-estate-strategic-default

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