Not more than 1 year ago they would take your home from you 180 days to the day from your first missed payment.

Now it is typically taking MUCH longer and in many cases, the banks are coming up with all sorts of creative "loan modifications" to avoid taking back any more property and to allow the homeowner to stay put.

Call it a "band-aid" if you will.......

This is a bit of a throwback to a piece I wrote on Nov 11th about "at risk" borrowers. I found this piece today through who knows what channels. I think it is interesting because it is specific to one geographic area, but tells the story of what is going on nationwide.

Check it out here and share your opinion freely!