It’s a valuable lesson. Thanks for sharing. BTW I live not far from you, off Calle Cristobal west of Windy Ridge Way. It’s a nice neighborhood.
I would think it’s much better for the bank to have you stay in the home (at some reduced payment workout) than foreclose. Yet who knows what our government will do; my wager is they’re not going to bail you out. They’ll help the banks out though.