On the surface, you’re right about communicating with the lender or lenders. The reality, however, is that people are jerked from one person to the next; from one department to the next; and so on. One person tells them to pay “x” amount; another person tells them to pay “y” amount; a third person tells them not to pay at all until “abc” takes place. I hear and experience this reality all the time.

I understand people’s frustrations. YES, people trying to save their homes actually have lost their homes to foreclosures…even while trying to save them. It happens.

No doubt, foreclosure is expensive but do NOT expect banks to do what’s “best” (read: less expensive) for them. Of course, I NEVER expect a bank to try to do what’s right for a homeowner. I’ve handed banks short sale offers from strong buyers for $1,000s more than the bank eventually takes after wasting $1,000s more by rejecting the offers and foreclosing.

Banks reject good offers; properties continue rotting away in the meantime; months later, banks repossess them & finally get certificate of title; throw them onto the market, netting THOUSANDS less. How is that wise stewardship of investors’ money (for the banks, that is)?

At the end, you make another good point: “It ain’t going away.”

True-True

- Travis

This post was mentioned on Twitter by sarasota4sale: New blog post: Avoid Foreclosure Sarasota Attorney Helps Troubled Homeowners Delay Foreclosure! http://bit.ly/9zbRJX...