The bank will make the rules in a forced foreclosure. You will owe money if they do not get the full loan balance to clear their books.
What is foreclosure?
A foreclosure is the legal proceedings initiated by a bank or lender to force the sale of property used as collateral against a loan that is in default. The final act of this forced sale is the “Foreclosure”.
Not Helpful
The bank can make the rules. You will owe money for the balance of the loan!
Bankruptcy
Wrong way to go. Will take 7-10 years to get you life back and have another home for yourself!
Short Sale
We short sale the home and have the bank clear you from the loan. You can start over.
bank or lender to force the sale of property used as collateral against a loan that is in default. The final act of this forced sale is the “Foreclosure”. 
