For home loans, even non recourse, it is not a purely financial transaction. Defaulting on a loan stays on your credit report for a while and might not only hit

For home loans, even non recourse, it is not a purely financial transaction. Defaulting on a loan stays on your credit report for a while and might not only hit your chances of getting another loan, give a (small) hit to your job search (especially if you apply to a company outside US that would run a credit check), etc.