This method, while not illegal, can trigger the «due on sale» clause and cause the bank to start foreclosure on the property. (biggerpockets.com)
It is typically the option meant for them who are unable to repay the mortgage loan and have fear to face foreclosure on their property. (wellingtonfloridashortsales.com)
You are not liable for the deficiency in non-judicial foreclosure or in judicial foreclosure on property with four or less units as long as you or a direct family member lives in one of the units. (natlbankruptcy.com)