Currently I am debating on foreclosure. We have had some unexpected changes in our home and cant get help from the bank. Our house value has dropped over 50%. I am looking at foreclosure and deed in lieu foreclosure. What are the big differences? We had to do an 80/15 to purchase the house. The same bank has both loans and have been that way since the start. Can they come after me for the second loan at all? Any help would be appreciated.