My Proposed Plan to Alleviate the Foreclosure Problem in America

Every 2 months, 250 thousand families will be seized. "Because parents can not pay mortgages, there is a danger that one child in all classrooms in the US will lose their homes" (Market Wire) These facts are not only shocking and realistic, they continue to evolve I will. The time may come when the government takes the first step of an American homeowner and supports it. In order to solve the foreclosure dilemma, we need to see the problem and then try to fix it. We can not solve all the problems that lead to foreclosure, let's see a way to reduce the increase in impending foreclosure statistics.

My foreclosure solution has several parts. These include exclusion of interest-only loans and legal prohibitions, mandatory loan modifications, and government tax incentives and consumer education to stay in potential foreclosure homes I will. Years ago, the mortgage company has created a mortgage for 30 years. This postponed payment plan will give the homeowner more time for mortgage payment and it will be for home owners. - About 23% of the country's homeowners borrow mortgages and have no asset value ("Newsweek" 12/09). What percentage of home owners? Between 2001 and 2005, the market price fell sharply from 20% to 35% per year was much higher. Are most people who buy a house during this period assume wealth? Today's value

The problem of solving the foreclosure crisis first raised the question "Is there really a foreclosure crisis?" The crisis is indeed in danger, but it is not caused by foreclosure of mortgage loans. . Foreclosure is a mechanism to deal with debts that people can not borrow. The potential impact of housing foreclosure (slowing down by the "affordable family plan" of the Obama administration) is actually a market, not a debt but a crisis. The history of the world economy has experienced sovereign debt crises such as Latin America in the 1980s, Russia in the latter half of the 1990s, and Argentina in the early '00s. The debt crisis in Europe is the most important thing in the business world since 2010.

As the foreclosure crisis continues to waste the wealth of black people, the Obama administration announced plans to alleviate the pain of home owners. Family oriented affordable fixes (HAMP) are designed to provide loan modifications to mortgage debt to qualified homeowners. The program is designed to provide relief to borrowers facing foreclosure. In order to fulfill eligibility requirements, the applicant must demonstrate economic difficulties before 1 January 2009 and must obtain collateral and the domicile or 1-4 unit rental property must be less than $ 729,750 not. In the past 10 years, he was found guilty of tax evasion related to felony theft, theft, fraud or counterfeiting, money laundering, or mortgage or real estate transactions. "