At least if I am the potential buyer. How can anyone ignore such dramatic evidence about the soil conditions? Even if a potential buyer wants to rationalize the events by saying "it won't happen here", what about the lender who may loan a million or more? Can he tell his bosses "it won't happen There"?
Someone correct me if I am wrong – For all those million $ homes that went down, I think it is the Lender who will eat the losses. Not insurance, not borrower, who may decide to walk (may be, with a slight hurt to his credit). If he has not refinanced or HELOCd, it may be a non-recourse loan and he may walk away with even multi-million $ assets, at least if he has properly structured his assets.
