Thread: This Market...
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Old 03-20-2020, 08:57 PM   #60
Jim in CT
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Join Date: Jul 2008
Posts: 20,429
Quote:
Originally Posted by Ian View Post
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there were all kinds of efforts by banks to find ways to help
people stay in their homes. i had neighbors with a nice house who struggled , they worked with the bank for over a year. not everything was mandated by law, there was a lot of back
and forth negotiating.

it’s much cheaper and easier
for banks to keep existing homeowners in their homes, then to try to foreclose and sell.
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