I am in the state of California, bought a house 2 1/2 years ago for $518,000 the house of comparable to mine are now selling at about $400,000. I have and interest only variable loan at 100% financing, in 2 1/2 years my interest will go up and I would have paid about $120,000 more in mortgage payments. I am thinking of just letting the bank foreclose the house and stop the bad investment. My question is, would the bank go after my other assets for the money they would loose after selling the house?

