The borrower’s job should not be affected and he can simply relocate in the same neighborhood (for 1/2 the cost) so his kids stay at the same school.
I don’t know anyone who has been through a foreclosure that is detached about it. My mother hid a recent bankruptcy from me for several years, she is smart. I realize that is only one example, but Perry you are being far too glib. Lots of people may detach to the extent that they realize they have to walk away, but its still very traumatic. Not just to them, but to friends and family even neighbors.
