The press has been buzzing about homeowners walking away from their mortgages these past few months. Now, there is a lender joining the group. It seems that the lender, Taylor Bean & Whitaker, does not have the resources to continue taking care of underwater property. I read in reports that they are requesting Bankruptcy Court permission to walk away from 37 properties. Once one of the largest lenders in the country, TB&W, is now bellyaching that they cannot afford the property taxes and upkeep for these 37 properties. They argue that the cost of taxes and maintenance projected over the term required to sell is actually more than the value of the properties. If the courts give them the go ahead to strategically walk-away, I guess the rest of ‘underwater’ Americans can jump off the same bridge.