Foreclosures: A stabilizing option?

People are not paying their mortgage, which means that just waiting for a foreclosure has allowed them to stabilize family business and personal finances; Instead of the house dragging them down, it is raising them up.
Foreclosures procedures are against 1.7 million of the nation’s households. According to the LPS Applied Analytics the average borrower in foreclosure has been delinquent for 438 days before being evicted, which is up from 251 days in January 2008.Some real estate agents and experts say that the number of people who lives like this without paying their mortgages is rising.

LPS also calculated early this year that more than 650,000 households had not paid in 18 months. In some states like California and Texas, lenders can continue a foreclosure outside the court, but in states like Florida, New York and 19 other states it works with judicial foreclosure and it is when the process becomes slow and people takes advantage of this.
People prefer to sustain their business with the money they are saving by not paying a house that probably is worth less than what the real mortgage is, knowing that their credit score is already hit, and not having anything else to lose.