http://www.mortgagereliefformula.com/recourse/ It is crap like this that is killing this country. California is 40% of the real estate problem in this country. These jerks can just walk away from a foreclosure without a deficiency balance. I live near Boston and our real estate has held up relatively well. I am sick of having to pay for idiots in California and Florida. I am going to buy some bad paper from the government and sue everyone I can. Thatâs the way to make money. get a judgment and hit them up 10 years later.