I am planning on doing a strategic default. Purchased my condo for 230k, it is now worth about 60% of that. I have a 80/20 loan with WF. From my understanding it is non-recourse because it was all purchase money. My question is I have $5k in available credit in my HELOC. If I pull that money out of there will that open me up for recourse on the 2nd? Any help is greatly appreciated.