I wasn't aware that banks could foreclose - being in the fortunate position of not having a mortgage I have never read the fine print
In answer to Penicillin
Many people don't have a choice about needing to sell - a new job, a new wife etc.
And being under water with your loan creates all sorts of personal stress.
I saw it myself with a work colleague who moved from the UK when they were having a severe housing downturn many years ago.
