The foreclosure tsunami is hitting the US bit time. This guy is no different from others in the US who took loans that were not fixed, and could not pay the rising costs. This has nothing to do with 419. He decided to walk away from the house, rather than pay the rising mortgage. Many people do that in the US. I have a neighbor who also walked away from his house, and we are dealing with cutting his grass in the front of the house, so that the neighborhood continues to looks nice. Don't beat yourselves up so hard as Nigerians in this case.