People who just walk away don’t worry about finding someone to assume their obligations either . . .
I’m not so certain this isn’t going to be a “trend” that we will see (a lot) more of.
I know this question was crazy, but I can’t help think people with these toxic loans who are going to be foreclosed on are going to get in a certain mindset and consider the house “disposable”. Okay, maybe it will screw up their credit for 7 years, but I’ve seen people file bankruptcy who have more stuff (house/cars/clothes/vacations) than I do.