Answer them!
The current mortgage crisis climate is probably one of the friendliest a delinquent borrower is every going to see. With all the pressure and nervousness surrounding the whole subprime industry, lenders are looking for amicable ways to solve their problems because foreclosure is a lose-lose for everyone.
So, when the mortgage holder does call, you should answer them because they’re reaching out to you to try to help. If they weren’t, they’d just go through the foreclosure process and the next time you’d hear from anyone with your interests in mind, at least a little bit, will be their lawyers.
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[...] If you’re potentially facing a foreclosure, here’s what to do if your mortgage lender is trying to contact you. [...]
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