And you are definitely right. In today's economy, and especially with all of the perceived campaign promises and the bank bailout misinformation, we are in for 'interesting times."

Kahuna, based on your background, can you please confirm something - As far as I remember home mortgage contracts, if you default and the bank seizes the property and subsequently resells it (straight sale or auction), if the sale proceeds do not cover the note, the bank still can seek recovery of the delta from the individual. Is that your understanding as well?