More Bank Madness

I received a call from a client this morning who told me he had called his bank and inquired about refinancing.  The client is no longer occupying the home as he had to move due to a job.  The loan officer told him “quit paying your mortgage.  It will be a year before anyone ever gets around to you.”  When the client said that he had moved from the home, the loan officer’s response was, “oh, then it will probably be a year and a half, we’re concentrating on keeping people in their home.”  Are you kidding me?  Quit paying?  And we wonder why the banking system is as screwed up as it is?