How Staying in Your House During Foreclosure Helps Your Community
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The longer you stay in your home throughout the foreclosure process, the better off your lender, the ultimate purchaser, and your neighborhood will be. You’ve undoubtedly read articles about neighborhoods full of vacant homes, which are plagued by theft and vandalism. It’s become a very serious problem.
If the owners of those homes stayed put and continued to maintain them, everyone’s home values would likely be a lot higher. If you are the first one (or even the second or third) on your block to go through foreclosure, you single-handedly can be responsible for propping up the value of surrounding properties. My point is that you are earning your keep by remaining on the property until a new owner is ready to assume occupancy.