[apillar]

Yes, that's what I thought too when I read it. The financial instituition has come to the conclusion that there is no possible way she can catch up or make the payments. But the tone of the article makes it sound like she just needs a little time to catch up and the mean ol' bank won't work with her. Most people don't realize that banks usually end up losing money on forclosures and only do it as the very last resort, most will bend over backwards to avoid one.

[FITZ]

But many won't give over 3 months --- I can see where if this woman is having trouble coming up with one month's mortgage, she got herself 3 months behind --- to stop foreclosure you usually have to pay this month's plus that last 3 months. These high mortgages have been given out to people with very low or no down payment, there is no evidence they can ever save money or have access to gifts of that kind.