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« U.S. Embassies: Still More Examples of Problems with Contractors | Main | Did Bush Use Tax Dollars to Campaign for Republicans? [Updated] »

August 19, 2007



Although it may seem as though the bank would actively want to pursue the foreclosure and get it off the books, so to speak, many large lenders are working on hundreds or thousands of foreclosed properties. Many of the owners will simply give up on the home or be too frightened to ask for more time. The ones that are seriously looking into ways to stop foreclosure, though, will be able to convince the bank that they deserve more time. The bank would willingly offer more time to solve the problem, and it is easy enough to postpone the foreclosure auction. The extra fees and interest will just be added to the balance in the end, anyway, and be counted as an even larger tax deduction for the lender.

D. Cupples

You make some good points. Thanks for sharing.

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