Arksansas - Where it's a crime to not pay rent.

[davewill]

The Foreclosure Fear/Myth
What happens if I go into foreclosure.  The bank takes back the house, places it at an auction, sells it at the market cost most of the time, then takes what is owed plus legal costs associated with foreclosure, and the difference must be sent back to the borrower.  So you are most likely even going to get cash back after foreclosure.  Finally, you are no longer the cool kid with a great credit score for a few years, boohoo.

If you make $16,000 a year living in AR, can be disciplined enough to save $75 a week for 4.5 years, buy, buy, buy, buy.

Getting cash back almost never happens because the bank isn't motivated to maximize the selling price of the house, they just want it to sell quickly.