Weak fold?

Villain is 14/4
I figured him for the set..

PokerStars No-Limit Hold'em, $0.10 BB (8 handed) Hand History Converter Tool from FlopTurnRiver.com (Format: FlopTurnRiver)

UTG ($8.05)
UTG+1 ($11.45)
MP1 ($6.95)
MP2 ($3.10)
CO ($16)
Button ($8.20)
SB ($9.60)
Hero ($10.15)

Preflop: Hero is BB with 5http://www.flopturnriver.com/phpBB2/...iles/heart.gif, Thttp://www.flopturnriver.com/phpBB2/...iles/spade.gif.
4 folds, CO calls $0.10, 1 fold, SB completes, Hero checks.

Flop: ($0.30) 7http://www.flopturnriver.com/phpBB2/...iles/heart.gif, Thttp://www.flopturnriver.com/phpBB2/...miles/club.gif, 5http://www.flopturnriver.com/phpBB2/...iles/spade.gif (3 players)
SB bets $0.2, Hero raises to $0.8, CO calls $0.80, SB raises to $3, Hero folds

Certainly smells like a set to me. Being 14 / 4, I can't see what hands he would be playing and betting outside of PPs and AQ+. Of course he came in from the SB but still the reraise says he has this hand won. I would fold.

its nice when players make it this easy for you to fold a second best hand when on the turn you would end up losing a lot more