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Foreclosure: Mortgage and Real Estate Market

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Foreclosure: Mortgage and Real Estate Market
Foreclosure – Individual Crisis That Depresses the Whole Economy

Foreclosure – Individual Crisis That Depresses the Whole Economy

Introduction 1. Foreclosure: past, reality or future. 2. Awareness can help. 3. Impact of foreclosure and lack of knowledge.
Body
1. Process and statistic of Foreclosure A. Understanding what foreclosure is. B. Process of foreclosure. C. Different statistics between the states. D. Foreclosure case. 2. Reasons behinds foreclosure in different states E. Leading reasons for foreclosure in the states with the highest instances. F. Reasons for the low rate of foreclosure in the states with low occurrences. 3. Foreclosure effects on individuals, families, communities, government, and lenders G. Short-term effects of foreclosure in a region. H. Long-term effects of foreclosure on a region. 4. Prevention of foreclosure I. The FDIC, regulators and the banking industry ways to help and prevent. J. The President Obama Administration. K. National Association of Foreclosure Prevention Professionals.
Conclusion

Thesis
Foreclosure is a bad storm in the real estate business that depressed and weakness the whole economy, including but not limited to regular people and their families, mortgage companies and financial institutions, communities and all levels of government. Many people can avoid foreclosures and keep their houses by knowing their rights and strategies based on the current law.

Foreclosure: past, reality or future As we know, the world economy for the last several years expresses numerous economic problems. Of all problems facing our economy, the biggest drain is the housing crisis, as result of dramatic increasing in foreclosures. Foreclosure became a part of people’s lives. US home foreclosures hit new record high in 2010 as millions of families faced a disastrous combination of unemployment,



References: Segal, Lloyd (2008) Stop Foreclosure Now. The Complete Guide to Saving Your Home and Your Credit. American Management Association Geller, Tom (2008) Save My Home Douglin, Carla (2008) The Foreclosure Workbook: The Complete Guide to Understand Foreclosure and Saving Your Home. Wiedemer, James I (2009) The Homeowner’s Guide to Foreclosure: How to Protect Your Home and Your Rights. Solving The Foreclosure Crisis. (2011) www.avoidforeclosureprocess.net/foreclosure-crisis/solving-the -foreclosure-crisis/ Foreclosure Process in Minnesota Gerardi, K., & Wenli, L. (2010). Mortgage Foreclosure Prevention Efforts. Economic Review (07321813), 95(2), 1-13. Shetty, A., Kroleski, S Kinghorn, M. R. (2011). Indiana 's Ongoing Foreclosure Crisis. Indiana Business Review, 86(2), 1-5. Immergluck, D Immergluck, D. (2009). The Foreclosure Crisis, Foreclosed Properties, and Federal Policy: Some Implications for Housing and Community Development Planning. Journal Of The American Planning Association, 75(4), 406-423. doi:10.1080/01944360903124316

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