According to Lenders Swamped by Foreclosures Let Homeowners Stay, banks and lenders have been hit so hard they let the homeowners stay in the house. They are doing this in particularly hard hit areas and areas where vandalism is greater. Once a home becomes vacant, it is subject to many perils. The homeowners being foreclosed on can sometime be the culprits of the vandalization. However, people will also break in and take everything they can from a house.

While this appears to be a good situation for both the banks (lenders) and the homeowners, it is apparently not allowing us to see just how bad the problem may be. According to the article, one homeowner had not paid his mortgage since July and was still living in his house.

The banks and lenders are not out to get your house. In fact, they don't want your house. They have too many houses and are not set up to be property managers. So if you fear you're on brink of foreclosure, call your bank or lender. They may be able to help you keep your home!

Keller Williams Realty Coastal Area Partners
Office: 912-356-5001
Cell: 912-308-2699
cpower21@gmail.com
www.westchathamhomes.com

Copyright ©2008 Christy Powers

This is a personal blog representing my
personal views and opinions.

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