Solving the Foreclosure Crisis

The foreclosure crisis is affecting people who are experiencing it, those who want to own a house, and those who are watching others. It puts pressure on the already tense society. Having a family is a famous pedestal that can immerse you in situations where people are not prepared economically. I think that it should be out of that fame level and I regard it as a necessity. When depriving the bank of power, the bank sometimes performs what is best in its profit and not in its profit.

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.

At first it is a little background. Six years ago, I joined the community land trust campaign to help resolve the foreclosure crisis at Brooklyn. As part of the Columbia University graduate studio, we contract with the New Economy Project (NEDAP) to come up with ways to prevent home owners of ethnic minorities from losing their houses or getting them back from particularly frightening houses I joined. The looting loan practice of Lost House has laid the foundation for many ethnic minority communities. (By the way, foreclosure crisis will not end in these communities.)

Six years have passed since the foreclosure crisis occurred, and technical termination and recovery period of the economic recession began in five years. The nationwide foreclosure crisis has been relaxed. However, in Maryland, foreclosure recently recorded the highest value, Maryland ranked 16th in foreclosure, but by 2013 the state rose to 3rd place nationwide. The number of applications has surprisingly increased 250% between 2014 and 2014, and the foreclosure rate of Prince George County has increased by 50% this year.