Employer loan is not sufficient

Don't worry, some advisor will say it works!

What surprises me, however, is how a house sale can still lead to insolvency. Divorce costs money, that's clear, but with that net income, the man shouldn't be exactly poorly educated.

What surprises me is how a house sale can still lead to an insolvency.

High loan-to-value ratio + forced auction = residual debt

What I wonder is why the house went into the forced auction. A regular sale with a higher sale price could have been targeted.

What I wonder is why the house went into foreclosure. A regular sale with a higher sales price could have been aimed for.

There are various reasons. I can also tell this from acquaintances. Denial is one reason, as well as rejection because one may not have caused the situation oneself. Or because the achievable value did not meet one's own expectations and therefore the house is meant to be kept, which in the end then fails ...