stop the foreclosure bleeding: LENDERS NEED TO WORK WITH CLIENTS THAT ARE PROACTIVE STOP THE BLEEDING - 06/18/08 09:17 PM
It is strange to me when home owners, who can see the handwriting on the wall and are looking for relief are rejected by lenders because they are not in default.  I have a client that in approx. 3 months will be out of funds necessary to continue their mortgage payments.  They have asked for a loan modification that will fit their future budget or at least a forbearance plan.  Because they are not in default the lender is not interested.  Their finances have changed, they have been proactive based are their circumstance, the lender is not interested. 
Maybe I am old fashioned … (5 comments)