Left and right more people are taking the easier road if it is really easy and leaving their homes behind. I spoke with an agent that knocks on people's doors on behalf of the lender and offers 2,000 to 4,000 for them to leave now so that they don't destroy the home.
Would you take the offer or would you ride it out to the end and them move?
It seems so unreal that our conversation's day in and day out, on the TV & on the radio are about leaving our responsibilities behind us. Understandability people have had pay cuts, lost jobs, or had to start all over. It seems that if the banks are offering people money to leave on a moments notice why won't they modify the current loans for the sake of leaving the homeowner in their once dream home, make the payment more manageable for them?
If you were a consumer and you got a call from your current bank saying, Mrs. Jones we see that is getting difficult to make your house payment.
"Oh we understand that your husband lost his job. OK let's see if we can help you out and get you a more manageable payment for a while. How does that sound?" YOU WOULD FLIP OUT!
We should be having more success stories like that. Homes would stay in tacked, Consumers would feel better about their banks, neighborhoods would not be depreciating as fast. If banks could help out their current customers then the focus for Realtors and Lenders would be the renter, the first time buyers or those relocating.