The Foreclosure Problem in America

Today, the economy is in the process of reproducing the movie "Titanic". When it gets stronger, sailing seems overwhelming. However it seems recently it fell into the iceberg of failure. However, this iceberg is not made up of cold water, but rather it is composed of more dangerous things. Our economy fell into the iceberg that erroneous management and irresponsibility. And now we need to take the necessary corrective measures to avoid collapse.

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.

Foreclosure is a one-time event, but for many families this is the end of their life and the endless impairment of the hope they have. 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

In the whole of the United States, foreclosure seizure and collapse of housing value have thwarted countless wealth, making it vulnerable to robbery. As Scott Paley reported, the problem in Cleveland, Ohio is getting very serious. Worthless