[GovernmentShrinker]

Works the same way with small loans too. Default on your mortgage, and the mortgage holder can sell the house and make itself whole, but if there's money left over, it goes to the original homeowner.

[Billthedrill]

I honestly did not know that - never defaulted on anything in my life.

OK, now all I have to do is figure out who'll loan me $200 million. I got some ammo and old comic books as collateral...