There is an old anecdote. It is a Russian anecdote, and in Russia very old anecdotes are called 'Anecdote with a beard'.
So this one is with a beard. Here it goes:
A guy who worked all his life making machine guns for the military moved to a different area, and is looking for a job. He finds one in a shop assembling the cribs.
At the end of his first day a foreman comes to him and asks him how it went. Frustrated guy turns to him and complains - "No matter how I try, every time I end up with a machine gun". And he showed the foreman a bunch of machine guns, that he put together.
The moral of the story is simple and self evident. I see similar things with short sales/foreclosures/loan mitigation/bankruptcies. Every time I hear people go to the bankruptcy attorney for advice, they end up with declaring bankruptcies. Sometimes it is so frustrating.
I know the situation, and people could benefit from doing a short sale, but they would rather die than trust me over the attorney, and most probably end up doing stupid things. I even suggested to people I know that I would go with them to the consultation, but they just trust the attorneys.
Well, they are so darn smart ... and they have an attorney. Don;t we suggest that they do just that, consult an attorney?
If you love your wife, do not go to a family lawyer for any real estate advice, as you would end up in divorce.
... Cause that's what they do, assemble machine guns instead of cribs...
Jon: This is a pretty "interesting" analogy. But, then again, how could this guy do anything else but make machine guns. It sounds like he was very "stuck" in what he was doing.
Actually, I much prefer cribs. So... what can we do to get this poor guy away from the guns, and into making cribs ?
It is just so sad that folks who could be saving their credit by doing a short sale... end up losing so much in a foreclosure.