Contrary to what it may feel like, lenders don’t like to force foreclosure on a borrower. They would rather work the situation out so that you can afford the loan and the bank gets their money back. When a bank must foreclose on a home, it costs them money and hurts their profits. This is why they will do what they can to prevent foreclosure from occurring. However, there are some situations where it is inevitable. The USDA is no … [Read more...]