Training
Lately at work, I’ve been working on a project: learning what to do when our bank forecloses on a property. The task I have been doing has been looking at various loans that are not in standard, looking at the contracts, seeing if the criteria fit, and then recommending foreclosure or holding off. It’s quite a responsibility, because you really have the power to say “YES” or “NO”.
Interestingly, each case is dfferent. Properties are abandoned. People pass away and the heirs don’t want the property. People are unemployed and simply can’t afford it anymore. Illnesses strike which cause insurmountable hardship. While in my role as a counselor, I had to deal with these problems and help people find solutions to them, in this hew role, I don’t talk to people, it’s really a black-or-white issue . . . with a lot of grey areas.
We do everything we can to not foreclose, and look for reasons perhaps where none exist. After all, these are people’s homes we are talking about, and it’s a huge choice to make. Nevertheless, if someone is say, for example, due for five months of mortgage payments, we have no good numbers to call them, mail is being returned, and thy have not lifted a finger to contact us, the choice is pretty simple. It’s the ones where we have been talking with people for years, trying to help them, that are difficult. At some pooint in time, we have to say, enough is enough.
That’s why I’m lad I don’t have to talk with these people. It makes things a little easier. And I do like it. I hope this continues and I am able to complete this lateral move.
