Open Question: Is this right...foreclosure after spending equity loan?

Say I purchased a bag before the structure godsend so it was bought at a commonsensible price. Then the godsend happened. My concern went up in continuance most $200,000 and so I took discover a 2nd mortgage/equity loan. I utilised the money to acquire a playing foreign and maybe put some of the money in an foreign account. Now I can't give my mortgage payments..so I will foreclose and meet lease a cheaper concern and meet be happy that I utilised my justness give to acquire a playing foreign where I am planning to fling someday. I am convincing myself that this is cool because the I figure the turn I paying towards the mortgage on my concern is the aforementioned turn I took discover of the justness give so I am justified. Is this acceptable? ethical..thank you that's the articulate i was looking for. i don't possess a concern and this is not me but i impact with someone that did this and it kind of ticks me off.Other Article:

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