- Failure results from homeowner’s lack of action.
- Failure can occur if no buyer can be found.
- Lenders may fail to offer an acceptable plan of action.
For those who regularly help homeowners to save or sell their homes in order to avoid foreclosure, it often seems as if the stars have to be aligned just right in order to catch to a solution that works for both homeowner and lender. Fortunately, with all the attention cast on the predicament lately, it does seem easier to secure help than in the past when the problem affected many fewer homeowners. Still, it is never an easy process.
Homeowners in line for foreclosure are very often in a state of disorganization, depression and denial. These three “d’s” threaten to sabotage any effort to discontinuance foreclosure...