TAMPA - The latest stats show one in four homes sold last quarter was a foreclosure.
Realty Trac says Nevada, Arizona, and California lead the nation in foreclosures. Florida is now sixth in the country.
We hear it over and over: People use the words "embarrassed," "stressed," and "failure" to describe their home foreclosure. But there are two possible solutions. One involves working with the bank. The other involves keeping the bank on its toes.
"It took a huge toll emotionally," explained Meka King.
King drove from Orlando to talk face to face with about her home loan. She's trying to find a way to stop the bleeding. She's looking for a way to salvage her American dream of home ownership that turned into a nightmare.
"I just felt like everything that I had built up, I'm now watching crumble. And that took a huge toll emotionally. And for me to even think about foreclosure, to even think about walking away from my home kind of spelled failure," she continued.
"Foreclosures not good for anyone. It's not good for our customers. It's not good for the community we serve. It's certainly not good for us as a bank," explained Wells Fargo's Joe Ohayon.
That's one reason Wells Fargo organized the Homeownership Preservation Workshop. The bank is bringing 200 team members to Tampa to speak individually with customers struggling with their home loan.
"We're meeting one-on-one with customers who may be experiencing mortgage payment challenges to look at options to help them with their situation," Ohayon said.
More than 800 have registered. Many hope for a restructured loan.
After months of feeling lost in loan-limbo, King feels she now has choices.
"I have a clear picture of what the next steps are," she said.
In St. Petersburg, mortgage attorney Matt Weidner takes a different approach.
"The national institutions have not been as careful with their records as we expect them to do," he said.
Weidner is referring to recent reports of lenders -- specifically Bank of America, GMAC, PNC and Chase -- who signed off on thousands of foreclosures without reading the paperwork. It's raising the question in court -- who holds the legal right to foreclose on a loan?
"At the end of the day, this crisis is going to force lenders to come to the bargaining table with their borrowers and work out negotiations with them," Weidner added.
Wells Fargo officials say daily banking audits show no paperwork problems with their home loans and the company won't freeze foreclosures as other banks have done.
However, workshops similar to the one in Tampa this weekend are scheduled across the country.
The Tampa Workshop runs Saturday and Sunday, 9 a.m. to 6 p.m. at the Tampa Convention Center.