Depends on type of mortgage loans you have with bank

if the loan is non-recourse, bank has no any rights to collect from you except the Collateral itself. If it is recourse, you are liable for the loss bank has Incurred beyond the value of collateral.

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• Thanks, found this on the net -729418- ♀ (1971 bytes) () 02/06/2009 postreply 11:19:46