<prompt> Human: We live in a super hot housing market in a very popular neighborhood. Developers are scooping up properties for cash and building multiple houses on the lots. We noticed yesterday on Zillow that our neighbors house is up for auction in a foreclosure sale. He bought it 12 years ago for a little over 100,000 and could easily sell it for minimum 250,000. Even 2 years ago, he could have gotten at least 200,000 for it weve bought several rental properties in the last few years so have some real life knowledge of what things are going for. Obviously I dont know about his finances, but why would he let it go into foreclosure. It doesnt make sense to us when the house is worth way more than his mortgage. Just being nosy.  <response>: he probably used it as an ATM and pulled all of the equity out of it via loans. 