One of the families I evicted had a $315,000 mortgage on a $90,000 house. At the foreclosure, their debt was erased, and since they were insolvent, the IRS didn’t pursue them for the income (erased debt is income) and the lenders didn’t pursue them for the $225,000 deficiency, which was in their rights. Their lives were substantially improved by the foreclosure. They got out from under their $2,500 per month payment and moved into a $1,000 per month rental. What outcome would you have preferred for them?