I have never heard of a bank foreclosing on a technical default before. Loans are written based on the borrowers intentions. Over time home owner's situations change and loans are sold to other banks. Servicing deptartments are concerned about performing loans.
If your home is in the Los Angeles area and you decide to rent your home, please contact me. I would be happy to help you find a renter and manage the property if you want. I currently manage other units.
3 Leaf Realty