[Stuck_In_FL]

I'm up in Hernando. Not the greatest place for job prospects and Tampa is not much better, sadly. I just have the 1 30yr fixed loan to deal with but looking at my account on the web it says that my LTV is 95% so I don's know how that will factor in either. I bought my house on the lower end of the crash so I'm not as bad off as some, but I know things have gone down since. I tried calling the 1-800 number but after several voice prompts I got some garbled message about a system error and then got hung up on. I'm still living in the house but I'm not going to leave unless a DIL is accepted or ultimately a foreclosure if that's how they want to play it. I'm no expert but it would seem to me that the house in excellent condition that has not lost quite as much value would be cheaper for the bank to take back than to pursue a costly foreclosure. From what I've read, some homeowners that have been forced out by foreclosure have stripped everything of value from the home and throughly trashed it on their way out. Between the foreclosure costs, missed payments and cost of bringing those homes back to a marketable/liveable condition, I wonder at what point it would be cheaper for them to take the home back rather than foreclose and have little or no luck recovering any of that money. I guess all I can hope for is that someone w/ some decision making power can see the DIL option as a cost effective solution.