I know the west has a long history of bank robbery, and I have no sympathy for bankers, but most of the losses were nationalized & added to the tab that your grand kids will be paying off.

Moreover, while I want to be upset at the seller, I actually have sympathy for her.

Foreclosures are expensive, and if a third party buys the property at foreclosure auction, it is always at firesale prices and is not near full retail.Not looking for sympathy here, simply explaining that not all asset based lenders want the property, most just want their money back.Brian White, to answer your question, loans are collateralized by means of a mortgage or deed of trust, depending on the state.

If its just a matter of you being underwater and cash flow negative as a rental, but that you have assets and income and no real hardship the lender probably won't have much sympathy.

@Will Barnard Have a sympathy vote on me :)

I currently owe around $1.5M at 10-12% so you'll get no sympathy from me on your, what I think ought to be illegal, 3.5% loan.Does it bother you at all that you're the typical borrower - sign docs, ask questions later?

I have no sympathy for them.

Just know that they are losing their home, they are sad, mad, scared, nervous and unsure about their future, so use some tact and sympathy to determine if they plan to move and when.

I'm trying to look at this from a unbiased analytical approach, so excuse the lack of emotion/sympathy in advance.First, consider yourself lucky that you haven't lost any money(yet).

Yes I may try the sympathy card, I really just think she is upset with me for leaving her as a landlord, lol.