If you run up your credit cards, can "they" take your primary place of residence?

[Adam1980]

What is the name of your state (only U.S. law)? Az

I have a retired friend who ran up their credit cards and has no plan on repaying them. He lives in a nice trailer on a lot that he rents each month. I asked if he was worried that "they" could take his primary residence (aka his trailer =P), and he confidently assured me that the bank does not take people's primary source of residence over credit card debt.

1) If I'm not mistaken, isn't it a well-known fact that banks take people's primary source of residence when the resident can't pay their credit card debts? =P

2) The trailer is worth about 12k. Would a bank go after a trailer if it was was approximately equal to the amount he owes them?

[ecmst12]

Arizona has a homestead exemption that protects his home.

[Gregeney]

AZ's homestead exemption law:

[url=http://www.azleg.state.az.us/ars/33/01101.htm]33-1101 - Homestead exemptions; persons entitled to hold homesteads[/url]