Back at it after a great Thanksgiving dinner.

I spoke with a man that had lost his home the other day.It was very interesting talking with him. He said they spent over $12,000 in attorneys fees to fight the bank....I asked fight the bank?.... why did he do that? He said that they weren't going to just let the bank take their home!!

Now I can understand the stress and the aggravation that people are feeling out there right now...the banks don't respond or they transfer you to this dept and then that one and tell you to keep making those payments and everything will be fine....

Losing one's home is probably up there with death/divorce and speaking in public....a LOT of stress no doubt.

The part that I don't get is if they saved their $10k they would have money to move into something else now....instead of having ZERO....The bank WILL indeed take a persons home sooner or later if they Do Not make their payments or they don't qualify for a loan mod....it's pretty much GUARANTEED....so why spend money to fight a losing battle?

"There are many companies and individuals that claim they can help you fight the bank and help you keep your home because the bank doesn't even know what the own etc". Just remember that Attorneys get paid by the HOUR!!!

There have also been many that unfortunately have wasted money on paying a "Loan Modification"
 company to try and get the payments reduced....There were many people that lost their homes after Paying money....anywhere from $1500-$3000 with no guarantee's.....

They have recently changed the law for companies and people that want to help consumers with Loan Mod's....now they get paid when and IF they get the job done....and not until! They way that Realtors have worked from day one.

Fighting the bank when you have not made payments for 6/9/12 months is probably not the best use of what little cash you have if you are having a hard time.Save that money and make plans to move....It wil save you some stress!

What is it that makes a man continue to fight a losing battle?

I asked him if he had ever considered doing a short sale? He said NO!

Short sales can help many people out of a tough situation...they are not for everyone and yes you will be selling  your home in the end....and satisfying the bank....and helping your credit out....

Regards

Rick