In the Jackmon lawsuit, it's being argued
by the plaintiffs that while they were in trouble with their
mortgages, they didn't
ignore the situation and instead, entered into agreements with Wells Fargo, their
lender, to lower their monthly
mortgage payment for 3 months and if they successfully paid that amount on time each month, then according to Wells Fargo's own written correspondence they got a new deal: the bank wrote to each of them that if they were to ``... make those payments successfully and fulfill all the trial period conditions, we will permanently modify your
mortgage loan.»
This will require the ability to
ignore the hyperbole of the marketplace generated
by builders, real estate agents,
mortgage lenders, and unscrupulous appraisers and maintaining an intense focus on the economic factors specific to that community.