This is an update on a blog I wrote a couple months ago. Then I stated that some homeowners who could afford their mortgage payments were walking away because of the loss of value. Owing more than the home is worth is causing many to allow foreclosure and walk away. Now, there is a new study which discloses that fully 25% of foreclosures are people who could continue to make the payments but have made a strategic decision NOT TO! Wow, this is much greater than I originally thought. And the study indicates the problem is GROWING. Moral restraints are lessening because there are so many foreclosures and being foreclosed has lost some of its "black cloud". This only adds to the problem of declining values because of foreclosures, the more foreclosures the lower the home values go. Not since the great depression have so many homeowners owed more than their home was worth, so, many are just moving on. This is regrettable on any level.