Financial adviser Karl Deeter told the conference his research puts the non-engagement rate at closer to 80 per cent.
Mr Deeter said the courts are “predisposed” towards borrowers, and that people are given many chances before they lose their homes.
“There’s three magic rules if you want to lose your home: pay zero for a long period of time, don’t engage with your lender – and then don’t show up to court,” he said.
“These three inputs were central to virtually every case of possession we saw.”
Mr Deeter said that according to his research, more than 90 per cent of distressed borrowers who engaged with their lender were able to work out some sort of deal to avoid repossession.