[Jim Robinson]

Well, for once in my life I’m glad I don’t have anything. And as soon as it goes belly up, they can foreclose on me and I can bail the hell out of California.

[RegulatorCountry]

That doesn’t work for those of us in states subject to judgement for any balance owed above and beyond the price fetched at auction. We’ll be hounded until it’s paid.

[cuban leaf]

Well, for once in my life I’m glad I don’t have anything. And as soon as it goes belly up, they can foreclose on me and I can bail the hell out of California.

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My sister has not made a mortgage payment in over 3 years and they STILL have no foreclosed on her. They were definitely, for sure, going to foreclose in spring of 2012. They wer serious, “this time”. Meanwhile, there she is...

You may be able to stay longer than you think, even if you do stop paying. Just sayin’...