Most people can't, this is beyond rare. Everyone telling you it's "pennies on the dollar" are missing your point. Someone so delinquent on their debt that the

Most people can't, this is beyond rare. Everyone telling you it's "pennies on the dollar" are missing your point. Someone so delinquent on their debt that the bank is about to foreclose probably doesn't even have a penny, much less pennies. This trick may work if you have a relative who has money and is willing to bail you out. Another person this might work for is someone who has protected assets that the bank doesn't know about. Yet another option could be if the house was bought under a corporation/LLC that has gone bankrupt but the owner of the company still has plenty of cash.