Go ahead and Foreclose on my home… or negotiate with me and we both win…

So many people are now in the horrible predicament of either being foreclosed upon, or forced into a short sale, when what they really want is to remain in thier cosy little home that they have worked so hard to own. What a tenuous place to be in. "Why won't the lender work with me?" I hear this almost daily from so many dear clients and friends. While some lenders are figuring out that part of something is better than nothing at all, others are not in the position of being able to negotiate that sort of arrangement. Many of the large lenders have such a tangled web of investors, that negotiating is not possible. Investors in this case could mean multiple large entities that are investing for their investors and so on.

Hopefully the government will come up with a plan that will force the large lender/investor entities to come up with a plan, but until then, if there is no other out, my clients are going to seek the short sale route first before letting foreclosure proceedings happen, and before possible bankruptcy. Also, it doesn't hurt to ask, and ask, and ask... just keep bugging them... I know that Indy Mac is negotiating on some of their mortgage loans, though from what I have heard qualifying for the modification is almost impossible... but it is a start!