They are not breaching the contract. The contract says they can walk away any time, but they lose their house. A full recourse mortgage (where you don't have th

They are not breaching the contract. The contract says they can walk away any time, but they lose their house. A full recourse mortgage (where you don't have the option of walking away) must be illegal, otherwise the banks wouldn't put such a clause in their contracts. (I don't know, I'm not a legal eagle).