This assumes no one else buys the property out from under them the first time it goes up to auction. If someone does, it's nice that they get some value out of

This assumes no one else buys the property out from under them the first time it goes up to auction. If someone does, it's nice that they get some value out of it, but they're still ejected from their home. If they can't find something nearby, their kids have to change schools. Their job may be harder to get to. Until they can find another place to buy, they're throwing money away on rent. Etc, etc. Yes, in theory they can stay in their home, but only if no one else wants it. And if someone does, their lives are upended and from the sound of the article, the money they get isn't going to be anything like enough to buy something comparable to their former home.