What these people are doing is exactly equivalent to what tendentious tenants do to avoid eviction. We almost uniformly hold those tenants in contempt; they're perpetrating a fraud. The only difference here is that it's banks holding the loans, not independent landlords.<p>I see how you could sympathize with a ruthless defaulting homeowner; after all, what else are they going to do? Are we really asking them to vacate <i>early</i> solely to make the bank's job easier? On the other hand: what they're doing is morally indefensible, and any costs to the bank their behavior incurs is largely going to be borne by good-faith mortgageholders and new prospective good-faith home buyers.<p>Maybe they shouldn't be bragging about this. Here's to hoping it catches up with them sooner than later.