OK, it's not always that simple. Say, I still got 500K in savings, totally
liquid, and I ask for short sale, the bank wouldn't allow it because they
think it'd be me instead of them to take the loss. And they bet on I don't
have guts to go for foreclosure. You know what? They are right, so I'm still
current on the mortgage.
But everybody got a snapping point. One day, I'm gonna say it's not worth
the shit, and walk away. And the bank will end up in foreclosure, although
they could've got themsel