[thirst4truth]

A default and being behind on the mortgage is not the same thing. Never default, have an attorney write a deed to the lender first, and move out. That is payment in full in most cases. Is that a Deed in lieu of foreclosure? You go to the title co and sign the deed over to the bank. That doesn't necessarily mean they won't come after you for the balance of the debt after they sell it, but they are pretty busy right now and maybe they won't.

[org.whodat]

That doesn't necessarily mean they won't come after you for the balance of the debt after they sell it, but they are pretty busy right now and maybe they won't.

No, they would first need to go to court. The court house sell option is not there. In court they would lose and they know it. The only reason for the court house sell is to establish a legal chain of title for the substitute trustee. If you read a mortgage loan agreement you see that the property stands good for the debt, it is a hard sell to try and prove otherwise in court without saying they made a bad loan.