My Granddad was a hard working farmer and was careful with his money. He lost his farm. I ask him why he lost his and the neighbors didn't. He said that he didn't owe but about half what his was worth and the neighbors owed most of what theirs was worth. The lender had a good chance of coming out on his so they foreclosed on him. The lenders had farms all over so they let him rent it. 3 years later he bought it back. The same lender wanted to finance it for him and you can imagine what he told them they could do with their financing.