The Lenders think that the homeowners are irresponsible financially and are also breaking the legal contract with them i-e the lenders. On the other hand the homeowners think that the lender is unresponsive to their basic needs and also want to steal their home.

The lenders point of view can be correct because they make money from a couple of different sources when they give the mortgages or also the deeds of trust to the homeowners to finance a home purchase, amongst which the most common is the interest that is charged on the loan. The lenders are known to make the difference between the borrowed money and also the final interest rate which is charged to the homeowners. The lenders borrow the money from the savings account holders and the federal reserves also. They also make money from the closing points that are charged which is equivalent to the monthly mortgage payments.

The perception of the homeowners is also sometimes taken to be correct because the lender then is often unresponsive or not supportive this is because it is considered to be one of the tens of thousands the lender has to deal with at any particular time.

The lenders strictly use the financial determination so as to resolve the problem of the foreclosure because it is considered to be in their best interest.

The best solution for this is that the homeowners should be able to steer the process of foreclosure and also understand their rights without any possible biased help from the lenders.