Reply #32: I read your Post #7, and I wish more lenders would realize this.

[flvegan]

They take a bath on almost every foreclosure. Then, that drives values in neighborhoods down and people can't refi, hurting both the lenders and the homeowners. It's really kind of an idiotic little circle.

Keep a loan performing by any means necessary. Just because some Crystal report burps out a loan number that just hit day 90 of default does NOT mean you should just start to foreclose.