Industry NewsMortgage

Distressed owners: Lenders do not want your home

Help is available, but be prepared to do some homework
Published on Dec 7, 2011

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by CareyBot

There is good news -- previously reported, but little understood -- for homeowners who are at high risk of losing their home.

Lenders do not want to foreclose if it's possible the homeowners can be helped.

If homeowners are willing to cooperate with your mortgage servicer, there is practically no reason to be foreclosed on in today's market if your loan is with a national lender. Short-sale help is the lenders' antidote.

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