The servicing company earns money by efficiently servicing loans, preferably by continuing to service the ones already in its portfolio.
Foreclosures are not good for the company, nor is it good for a buyer to pay off the defaulted loan and obtain financing elsewhere. It would be in the servicing company’s best interest if you would assume the loan, continue making payments, and it could continue earning its fees. In that regard, servicing companies have the same motivation as lenders.
Unfortunately, servicing companies have very lengthy and complicated contracts spelling out their rights, authority, and obligations. As much as their personnel might want to acquire you as a customer with an assumption and retain the defaulted loan, their hands might be tied.
Keep in mind, also, that servicing companies must work very efficiently if they are to make a profit. You are only one of the very many foreclosure investors with whom they will come in contact.
If there are as few as one hundred of you, an unrealistically small number for large servicers, they cannot afford to spend time on creative solutions. The legal department will have to render an opinion regarding whether assumption of the loan is allowed or not. The loan owner will have to give his or her consent, if that is required.
The company’s legal department will have to determine if it is allowed to give consent or if its structure and stakeholders make that impossible. All this might be insurmountable for you.