Apart from the fact that he makes the “prison” actually “voluntary house arrest,” this is a remarkably stupid idea that would fail on such an epic scale that it’s hard to predict what would happen.
“this is a remarkably stupid idea...” - 1rudeboy
Based upon your insolent rely, you are indeed 1 “rude” little boy as your name suggests. ENTERING the agreement is what would be voluntary - in exchange for the reworking of the mortgage at the lower rate and payment. Once the agreement is in place and the mortgage revised, the - TERMS - of the agreement would no longer be voluntary. House arrest would no longer be voluntary.