Foreclosure is best option for some owners, analysts say
Deeply in debt and struggling with rising mortgage payments, many homeowners in slumping markets such as San Diego County are choosing foreclosure as a business decision despite the serious damage it can do to their credit scores.
Ref. Source 5
Well if you have no options then it becomes your best option. If you are also paying off other debts then having your home forcibly removed will hurt but then again you won't have that debt anymore.
International Level: Junior Politician / Political Participation: 100 10%