They did snake the pipe and baby wipes came out. 

On an individual house basis it can be tricky the key is scaling so as the post above states one tenant can wipe years of profits.  

Its very rare in CA for an actual dwelling to be sold at tax sale 99.9% of all tax sale properties in CA is bare land.. so the risk is access.. and as Ned stated everything else is wiped off of title.Now getting title insurance to resell can be tricky..

I don't do large containers of flour or sugar because I know that someone will make a cake and wipe it out, leaving me with yet another item to worry about.

Many of us know/are investors who were wiped out by an event like 2007.

In CA, there is no limit on the number of brokered loans you can make, but no loan can exceed 10% of your net worth, exclusive of your home.Loan Seniority – Unless you can afford to be wiped out on occasion (you can’t) or have enough money to pay off a 1st(you don’t), then don’t make 2nd position loans. 1stPosition Only.

If she can sell for $120k that more or less wipes out her mortgage so she ends up losing $100k.

I really do like Dave Ramsey and I used his baby steps to get out of debt, build an emergency fund, and learn the basics of budgeting. 

They disclosed that there was a blockage in the drain and hired a plumber who used a water jet to clear what they claimed were flushable wipes causing the issue.

Do existing mortgages get wiped out?