Solution to the Foreclosure Crisis: Return to the Ancient Practice of Bartering

The foreclosure crisis has been established in this country and proved to be a massive problem that is difficult to deal with. According to First American CoreLogic, which tracks mortgages and provides data to Washington Post, one out of every five mortgage holders is currently worth less than mortgages (ElBoghdady A1). Due to the economic downturn, people make payment for mortgage difficult, and many borrowers feel underwater due to the collapse of housing prices. The solution may not be a clear answer, but it seems to be certain: it is creative to find the answer to this question.

The fundamental problem in solving the current foreclosure crisis is that you can take some direct solution in today's environment. There is no "quick solution", but the federal government has a reliable solution. The current crisis is due to insufficient control of the government, in some cases, because our leaders have no knowledge of the elected country. In order to solve our current foreclosure problem, the federal government is decisive, we need to return to several older policies and to do a three-step attack against the foreclosure problem.

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 obligations 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.