In this person’s case it’s not malicious. They moved from Phoenix a few years ago for work and bought a home for $650k. They have the money and can afford it. His company went belly up so he moved back to phoenix and thought he’d rent his home here while the market did it’s thing. Well he just cannot afford to make up the mortgage that the rent doesn’t cover. he wants to sell his home but comps in the area are about $100k less. He just wants out of this deal and/or was thinking about selling and taking the loss. The bank won’t let it happen that easy.