The law in my state is that a lender cannot go after any deficiency on a real estate loan?
And if you don’t understand the concept of a strategic default, you have no business discussing anything on this thread because you are simply not smart enough to participate.
A strategic default is a fine concept as in abandoning your mortgage voluntarily. Where I live, the debt and your credit rating are not forgiven for defaulting on your mortgage, unless you declare bankruptcy. Now that is strategic and legal.