Thank you, OP, for posting this thread.

Although I can see that should this happen, any outcome is still to be determined, I am a lot more educated today than yesterday.

Another question:

My mortgage is one of those dreaded interest only/minimum payment notes that is remarkably working for me, since the current interest rate in under 4%.

It will be impossible for me to refinance into a comparably low fixed rate, due to the downward spiral I have entered since my husband's death. I do not have, and, will not have the documents now necessary to do so [even though this did not seem to matter when the mortgage was originated.]

If the dollar fails, I assume that interest rates will skyrocket. I think my note has a cap of 9%.

What kind of scenario might I expect should TSHTF?

If you cant afford the house then forget it. Dont worry about it. Im assuming you have little to know equity since you claim you cant refinance.

My savings are now tapped, my credit rating has diminished as creditors cut my credit lines and raise interest rates. My wages are hardly enough to sustain us as it is.

Am I screwed?

Thanks to anyone who can enlighten me...