Rumor to not contact lender

[rjsdsu]

Reading some threads on another website, it is one person's view that not communicating with lender, ie not crying about a mod, will draw out the process. Or viewed differently, lenders may be proceeding faster where borrowers are requesting mods? In any event, you think there is any truth to this statement?

[JustFileSuit]

You have not posted enough information. What are you trying to accomplish? Are you already in a USBC Petition? Do you want to keep your house and dump your cc debt?

[frogger]

????? What's the real question?

[AngelinaCatHub]

Reading some threads on another website, it is one person's view that not communicating with lender, ie not crying about a mod, will draw out the process. Process of repossession? Or viewed differently, lenders may be proceeding faster where borrowers are requesting mods? If you don't ask, the answer is always, no. In any event, you think there is any truth to this statement?

'Hub

[rjsdsu]

[frogger]

I disagree with this.

#2) The people that contact the bank to try to adjust their payemts are foreclosed on faster than they ones that just stop making payments and stay off the radar. I disagree with this too. Most banks in my area have a lot of property in their inventory now and don't want more. They will work with you to try to help you keep it. Interesting point, but our country is so far away from the constitution that this is only the tip of the iceberg. There's a lot more to fix than just real estate....

I'm curious as to his point on #2, wonder if there is any truth to it.

My comments above in red.