Friday, April 11, 2008

Banks begin to protect their interests from Homeowners facing foreclosure!


With so many homeowners losing their homes to Foreclosure the banks have begun to protect their interests in the home.
Recently, there seems to be a rash of homeowners who have decided to "GET EVEN" with the banks.
Some have "Destroyed" their homes by flooding them,punching holes in the walls,throwing garbage all over as well as leaving rotted food in the refrigerator causing a horrific Oder.
Their motivation is directed at the actual loss of the home and who better to blame but the lenders.

Some homeowners justify this behavior as a way of releasing frustration. It`s hard to rationalize this behavior,yet many are doing it.
To prevent this from continuing the lenders have decide to protect their interests by changing the locks, to prevent vandalism.

In the past two weeks we have personally experienced this type of behavior. I can tell you it`s almost impossible to prevent, and the mere fact the home is trashed demonstrates the frustration these former homeowners are experiencing.

It doesn`t appear the lenders or the Fed are yet willing to assist these people,in spite of what the media mentions.
These people are losing something "they worked hard" to obtain. It`s not easy to admit defeat,so from their perspective "getting even" is the only way.
Have you experienced this type of attitude with your clients?
How do you prevent this from happening?
What do you explain to these people?
Society is changing, and not for the better!

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