Some mortgage companies may insist on foreclosures for a variety of reasons while others may try to avoid foreclosures. Foreclosures are consequential to borrowers not paying their mortgage repayments in time. When borrowers default payments, mortgage-lending companies can resort to legal measures such as foreclosure in order to reduce their risk. Foreclosures can be very taxing on the consumer. Often people may be left with minimal options after companies start foreclosure proceedings against them.

Foreclosures may not be beneficial to all mortgage companies because it is estimated that they stand to lose about fifty percent of the total mortgage value when a mortgage forecloses. Companies stand to lose costs such as legal fees, paper work and other charges when they foreclose a loan because the property will have to be sold for a lower price. As a result, most companies will try to sort out the repayment problem with the borrower. However, some companies believe that a foreclosure is a better solution because according to them, repayment issues cannot be permanently solved even though it may be postponed for the time being. Hence, they feel that the faster the property is foreclosed, the better it is in terms of long-term profits. Resolving a crisis depends on the individual attitudes of the companies.

Investors also believe that resolving mortgages conflicts is not a worthwhile exercise. This is because about USD6tn is involved in the 'after market' for mortgages. The 'after market' is the business that deals with foreclosed properties.

As of now, modified loans make up only about one to three percent of all mortgages traded as securities. With millions of loans expected to be reset to more expensive monthly payments over the next two years, it is believed that the share of modified loans will also rise significantly in the near future

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