She will probably end up in jail eventually.   

Furthermore, FHA and VA loans come with a built-in "get out of jail free" card if the appraised value comes back lower than the purchase price. 

but as long as they are still employed  married not sick don't have to bail kids out of jail.. they should still make their payments.. keep in mind 5 to 6% of all mortgages are in default all the time.. in every market no matter how good.. it just got acute there.. with strategic foreclosures and that could happen.. people could choose to walk..  

In the case that the market collapses to a substantial level never seen before, the bank can't eat me alive or throw me in jail, they'll simply foreclose the property; and because I contribute minimally, my loss is next to nothing. 

I had no complaints, except when she got sent back to jail and didn't tell me.