[Melas]

By the same token, if a borrower can have a contract voided or nullifed by a court, fine. If a borrower can negotiate an advantageous deal with a lender that’s OK too. What I have a problem with is borrowers refusing to pay a legitimate obligation when they fully have the ability to do so.

In the case of a mortgage, you're not obligated contractually to pay it. You're contractually obligated to pay the monthly premium OR surrender the house. The latter is always a legal option.

[clintonh8r]

It may be an option. But do you think you can just hand over the keys and walk away from the obligation without consequences? Ever heard of a default judgement?