Quote:
Originally Posted by NineOhOne
As mentioned in another thread, it's amazing there aren't more fires involving homes which are "upside down" or facing foreclosure.
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You can go to jail for torching your house, or you can mail the keys to the lender and face almost no penalty or punishment. Borrowers who stop paying will stay for 6 months, a year, or even longer before being evicted.
I'd rate having your home burn down a close second to having your home flooded.