The Foreclosure Epidemic

In the United States, the proportion of foreclosure or short selling and subsequent foreclosure has increased significantly. Today, it is the biggest threat to the US economy. If measures are not taken, it is expected that foreclosures will increase in the future. Current policy seems to only help a small number of people, and we must continue to work hard to solve the problem. According to the New York Times, "Foreclosures cost hundreds of billions of dollars to neighboring families and have caused the economy to decline.

I also saw my family trying to overcome difficulties as I passed by my neighbors. Illness, the tire can not bear repair, the wheelchair slope needs urgent repair. Over time, I saw more people: Some people were as excited as two sisters of Long Island. Many people want to know more about candidates, but others are firmly supporting the candidates I can not participate in. Needless to say vote. I wish you all the wonderful days until my list is complete.

Foreclosure is a one-time event, but for many families this is the end of their years of life and undermining the hope they once had. The foreclosure story of Santillanes shows how the economic downturn has changed the US economy and that millions of Americans have changed their lives forever. Between 2006 and 2014, about 9 million households have lost their homes for foreclosure or short sale. But many families have lost a lot more: they also lost momentum. Families like Santilan were up in the direction of American dreams and then plummeted to the next deep pit. Ten years later, they are still at the bottom of the ladder and are about to return to their original position

Unfortunately, the outcome of the mortgage crisis far exceeds the seizure's prevalence. It is a terrible loss. The intertwining of mortgage products and the financial sector and the chain reaction of the real estate bubble have made it unclear to some lenders who can trust even large corporations and financial institutions. The resulting credit crunch compromises the functioning of the global economy. The financial market is desperately guessing about the prospects of banks, insurance companies and other finance companies, and the collapse of stock prices poses a direct risk to the physical world economy.