Should You Attend a Foreclosure Fair?

Lenders are (only barely) now waking up to the tidal wave of foreclosures that are happening. One solution is the foreclosure fair.

A foreclosure fair is a place where lenders and refinancers set up tables to help mass numbers of homeowners at once.

They are very popular, as this article reports:

http://www.cnn.com/2008/LIVING/wayoflife/03/26/foreclosure.fairs.ap/index.html?section=cnn_latest

Should you go to one?

Seeing as its a start for the banks to communicate in this fashion, it can be a good thing. Bring all of your paperwork with you and be prepared to stand in long lines.

Then, you've got to stay on top of the bank. Make sure you fulfill your obligations made at the fair -- and make sure the bank does too!