All will go in default. Real Property will still have value of some sort. If you default the mortgage company will foreclose. If your mortgage company defaults their lender will foreclose on them and right up the chain. In short, you will own nothing that you owe on.
All will go in default. Real Property will still have value of some sort. If you default the mortgage company will foreclose. If your mortgage company defaults their lender will foreclose on them and right up the chain. In short, you will own nothing that you owe on.