I think this is an excellent idea. Putting the contents of a player's back and bankbox into a deed that is newbie, non-transferrable, and cannot leave their backpack(similar to quest items) would be great. It would also eliminate a lot of items quite quickly. Even if they continue forward with the other save strategies, this would be a good idea.
Any character/account who hasn't logged in for a long enough period for all their homes to go condemned and collapse should be subject to this.
Thumbs Up on this idea.
[20:08] <@Kaivan> We have a ridable Maahes in Green Acres.
[10:00] <TheBreadman> leeds did a takeover on secondage
[10:00] <@Derrick> hax