I think maybe what SDR means is for the house that has a loan reworked that property becomes artificially propped up, not necessarily re-inflated. In reality it should be worth even less by going to foreclosure, and hurt comp values the same if not more.

I rent too and we’d be better off getting that home 6 months or a year after foreclosure.

Assuming the “owners” don’t cement the toilet, steal the copper (pipes and wire) and uninstall the cabinets upon exodus.