Service companies often make more money on foreclosures than they do on short sales. Is it any wonder that it sometimes seems like they are more interesting in foreclosing than in helping the borrower honorably solve their mutual problem? I have seen a foreclosure where the lender refused to accept a $405,000 offer and then foreclosed six months later and sold the property for $320,000. I have seen a cash offer for $1,000,000 refused and the foreclosed sale price a year later was $775,000. It appears that our government threw TARP money in the front door, and the banks threw it out the back. I am sure Active Rain realtors can add to this list.