In my career in mortgages, I've only had one client that I've worked with that ended up threatened with foreclosure. However, because I trained them, they came to be before the damage is done. Now I can fix what's broken before it gets too bad. I take comfort in knowing that I refinance people daily that got taken advantage of by other companies a year prior. Point of the post is I feel that foreclosures happen too often unnecessarily.
Informed borrowers is the way to go.
Now that we're in the age of information, we need to point people in the direction to get the GOOD information. Most think there is no reason to, but I feel otherwise. It'll educate and turn them into more proactive buyers. However, because I trained them, they came to be before the damage is done. I take comfort in knowing that I refinance people daily that got taken advantage of by other companies a year prior.