Remember when our grandparents were starting out? People worked and saved to pay cash for a home. If there was a loan involved, it was with the local banker who held the deed and worked with a struggling homeowner because the bank also had a stake in the loan’s success. Foreclosure was truly a last resort. Banks lost money – family lost their home – nobody profited. Modifications were ironed out face to face between the homeowner and their banker.
The American Dream – work hard, buy a home, and raise a family.
For a little background on how the American Dream of owning a home has virtually become a nightmare, click here to read my discussion regarding what changed in the last 15 yrs and how mortgage servicers and investors have diced up your property.
Understanding the Foreclosure Process in Mississippi
Avoid Foreclosure Rescue Scams
How to Fight Foreclosure in Mississippi