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How common is it for people to stay in their homes without paying on them? It's a relative rarity
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In south Florida it is very common. The bank my son works for won't start foreclosure proceedings for up to 12 months after the last payment was recieved. They try to work with the deadbeat, errr homeowner (JK) to modify or restructure the loan, but homeowners are catching on that they aren't going to be forcibly removed so they are staying (essentially) squatting for months to get the bank to make better offers.
It's not against the law, they are just using the system for their best benefit. Just as there are many honorable people who've just gotten in over their head, there are dishonorable people who are gaming the system as it stands and will continue to do so until the game changes.
The banks do not want to take ownership of those homes.