Proposed Solution to the Foreclosure Problem in America

The lack of effective leadership at financial institutions has caused economic turmoil in our country and around the world. When lenders change the rules to accommodate potential homeowners, they are difficult to obtain loan qualifications, and we fall into a crisis. After the transaction is completed, the homeowner enters the dream house without paying the fee. Most people want to have a perfect home on the waterfront or on the mountain, but that is not always affordable. However, some buyers can get the property they can not afford in their own way.

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.

America's biggest problems - unemployment, wage cuts, foreclosures, collapsed bridges, medical costs, school taxes, pollution, crime, hunger, government bonds and war - all have many solutions. The real solution is not waiting for the government or the company. They depend on each of us, along with those who are ready to start, starting from where we live. For 45 years I have answered horrible news with a solution. When I heard bad news, my reaction was to imagine a solution, design it, and start it. I started working with 20 organizations by relying on common sense rather than waiting for an accurate diploma. They provide a practical way to replace food, fuel, residential, health care, urban design, education, transportation, health, finance and employment.