Buyer defaults on subject to?

[Troy Gravett]

What happens if a buyer buys a house subject to the existing mortgage and then defaults on the loan while its still in the seller's name? Does the bank proceed like a normal foreclosure and send a NOD to the seller who still is on the loan even though title has transferred? What are the sellers options so they don't get a foreclosure in their record? Can they get the house back? Can they evict the new owners?