Possibly, but not necessarily. Keep in mind that banks and other lending institutions are essentially debt collectors. While they may try to convince you that they are working in your best interests, they will do whatever is necessary to preserve their bottom line. If you work directly with your lender toward a foreclosure avoidance plan, be cautious of the information you provide. Your lending institution will almost certainly try to obtain as much information as it can about you, all of which could later be used against you in some capacity.
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