Mortgage Forum

Mike

When there is a loan either in Negative Equity or Near Negative Equity, what is the benefit to The Mortgage co. to go through foreclosure? Do they ever consider another way that is a tax right off? This probably sounds like a stupid question. I would like to know if anyone has had their mortgage company do things that seem like they are very agreeable. From a glimpes it appears this way, and then I get hit with a whamy. Maybe they want me to be surprised? We are so near our statute of limitations. I think they may be waiting just for me to run out of time, as they know, I may not be able to go too much further. Yeah, that has got to be it. These are huge companies. But do the very real humans who work there have any influence?