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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.19-0.7%Dec 2 4:00 PM EST
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To: elmatador who wrote (25836)11/30/2007 1:10:13 PM
From: Ilaine  Read Replies (1) of 218147
 
I am seeing lenders being more aggressive with workouts. One client is being bombarded with phone calls and letters from Bank of America trying to reinstate a loan on a house upon which we alread consented to an order to lift stay. Another has ReMax aggressively trying to get them into a short sale rather than bankruptcy.

This just started happening this past week or so.

I believe it's an attempt to keep Congress from rewriting the bankruptcy laws to make them more favorable for homeowners.
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