The purpose of foreclosure isn’t necessarily to make money. It’s as an enforcement and deterrence mechanism to punish losers/thieves who buy homes and then fail to make payments. Foreclosure prevention should be confined to cases where there’s genuine hardship, not “WAAAAAH! WAAAAAH! I BOUGHT DURING A BUBBLE WITH 0% DOWN AND MY HOME IS NOW WORTH 30% LESS! WAAAAAAH! WAAAAAH! HEEEEEEEELP!”