Brick-by-Brick: A Nonprofit Funded by the Government to Decrease Foreclosures

In order to fix the foreclosure crisis, the supply of homes on the market will need to be sold. My plan creates a team approach to achieving this goal. The team would consist of a realtor, an appraiser, a mortgage broker, and a homeowner. The realtor will complete a market analysis for the homeowner, and the appraiser will do an appraisal for the mortgage company. The mortgage broker will assess the homeowner’s financial situation to determine what they can now afford. The realtor will help the homeowners find a new home at a price they can afford. The mortgage broker will set up a new mortgage with new strict guidelines designed to help the homeowner succeed. The homeowner

During the period of unemployment or lack of income, the holder can also apply for a $5,000 grant to start a new business (monies granted must accompany a business plan and are subject to approval). After the one-year period, the title of the property would be assigned to B-b-B. B-b-B would assume the financial responsibilities for the property for two years. However, the original homeowners would be allowed to live in their home, although the title ownership was reassigned. If the homeowners were unable to seek employment or stable income after two years, then the house would be sold to B-b-B. Upon title transfer, the homeowners still have an option to rent to own their property or live in homes provided by B-b-B based on family size. Requirement to live in a B-b-B home would be to attend Job training workshops (i.e. Engineering, Secretarial, Construction, Nursing) or matriculate at an Accredited University. In addition, if the individual has a disabling condition, substance abuse disorder, mental health or physical disability, then their income would be provided by the government and he/she would not have to attend any Job training workshops. It is also important to note that to guarantee that the individual is completing his/her goals in a timely manner, a case manager will be assigned to every twenty cases.

As the economy drops and foreclosures are on the rise, millions of Americans who were financially stable several years ago are asking the same question, “How could this happen to me?” The crisis has occupied the minds of politicians, who are trying desperately to solve this problem, but the tragedy continues as more and more Americans are foreclosed on with no alternatives. The foreclosure crisis will not be solved by simply lowering interest rates, firing loan brokers, or other short-term, ineffective solutions. The long term solution to the housing crisis has nothing to do with housing. The government has lost its way and needs to redirect the way the whole economy is run.

The United States’ foreclosure and housing market problems have been well-documented in recent years. This issue has only been heightened by the 2009 economic downturn. Can the sky-rocketing foreclosure market truly be blamed on the recession, however? Can the issue be pinned down on the masses of people who have lost their occupations? Surely many of the cases can be traced back to these harsh conditions, but many more, most likely, can be attributed to something else. Foreclosures are not a new phenomenon and have been a part of American society for years. So, in order to determine a plan for how best to reduce the number of American families losing their homes, it seems best to look backwards rather than simply at the present.

Foreclosure in America has been a rising and prominent problem recently, and has destroyed many Americans hopes and dreams. Over 2.3 million homes were foreclosed in 2008, and an estimated four million homes will be foreclosed by the end of this year. Despite the efforts of many banks and lending companies, over half of homes will foreclose that have received their help. I believe that we have only started in the right direction in solving the foreclosure crisis. Giving money and lowering mortgage rates will help, but I believe we should find out why Americans are in this situation in the first place. We are being too stereotypical when we think the only reason someone is foreclosing is because of irresponsible payments or buying a home

The mortgage crisis we are experiencing in the United States today is already ranking as among the most serious economic events since the Great Depression of the 1930’s. Hardly a day goes by without a story in the newspaper or on the cable news stations reporting about the increase in the number of foreclosures across the United States. The effects of this crisis have spread across all financial markets, where in the end all of us are paying a price for this home mortgage crisis. When the housing market collapsed, so did the availability of credit which our economy depends upon. The home mortgage crisis, the financial crisis and overall economic crisis all need to address by the

Providing jobs for unemployed Americans is the key to solving the foreclosure problem. Those who recently lost their jobs will be able to stay current on their mortgages and avoid eviction and foreclosure. Those who have already been foreclosed on will be able to save up for a down-payment and then buy a vacant foreclosure to get back on their feet. The overall economic benefit will

To help combat the fear of foreclosure, there should be in place a program that helps those who are in the danger of foreclosure to have a second option. A program that helps transplant people and families into another building or home that would be cheaper or affordable for them. At the same time as helping them find a place, help them move, and help them find a job (if unemployed) to make them independent once again.

The foreclosure crisis in America has impacted everyone- even those who don’t own homes. Our nation is currently struggling with high unemployment, a relatively illiquid credit market, and a deficit that raises serious concerns about the value of the US Dollar in the not too distant future. With interest rates already at historic lows and the government pursuing an unprecedented policy of quantitative monetary easing, options for government intervention are limited. While there is no simple solution to this problem, I think that we must look at the reasons the housing market went into crisis, and based on that develop a regulatory system that will allow us to avoid another situation like this in the future. If Americans believe

As the saying goes, history repeats itself. The Great Depression is a time in American history that will always be remembered as a time of hardship in Americans’ lives. The goal: to never have such great oppression exist in the United States again. With the way the economy is headed today, many people are skeptical as to whether history will really repeat itself and create a new Depression. One of the biggest problems in the country today is the foreclosure crisis. Many Americans are living outside of their means or have lost their jobs and are unable to make their mortgage payments. When people can’t make their mortgage payments, they will lose their home and their family will be out on the streets. There are definite changes that need to

Solutions to alleviate the impacts of the foreclosure crisis are absolutely central to the health of our financial systems and the country’s economic stability. The foreclosure crisis is nowhere near an end as mortgages with “teaser rates” are expected to default in catastrophic numbers. The goal of foreclosure solutions must be to keep people in their homes with affordable monthly payments, while still leaving cash in their pockets to contribute to our heavily relied upon consumer based economy. Solutions do not lie in forgiving mortgage loans and billion dollar bank handouts, as this only sets a bad precedent for contract law and regulation standards by condoning financially reckless behavior. We must work with people directly and mortgage modifications must be dealt with on an individual basis.

Since the 1929, the economy in the United States has not seen such annihilating downturns. As a result, a great deal of our population has lost their jobs and subsequently, their homes. The current foreclosure crisis is affecting too many of our families in this country. So now the focus is on finding ways to solve the growing epidemic of foreclosures. I propose that the government fund a non-profit organization, whose mission is to reduce the number of foreclosures among the American people. Although the initial funding would come from the government, as a non-profit, the agency would be able to obtain grants and hold fundraising events in support of their cause. Brick by Brick, Inc is a non-profit organization that would ensure all homeowners have mortgage insurance, provide workshops to educate potential homeowners and provide financial assistance.

Brooklyn, NY – December 30, 2009 Foreclosures continue to rise drastically across the United States due to the recession, and have effected, and continue to affect thousands of families and individuals every day. One aspect we must take into consideration is that most people are not informed of what foreclosure means, or the process, even those who are homeowners. I believe that one step to preventing foreclosure is to educate first-time homebuyers. In addition, first-time homebuyer programs should not only assist potential buyers with financially preparing them to buy a home, but to keep the home once

The United States economy has been in trouble for the past couple of years. The foreclosure crisis is a condition that began due to the inability of homeowners to pay their mortgages. Foreclosure is a legal proceeding whereby a lender obtains a legal termination of a debtor’s right to redemption. The foreclosure rates have been increasing for a considerable period and certain steps have been put into place to solve the problem. While the government, financial institutions and the general public are highly aware of the crisis, the steps taken to combat the problem are still not sufficient as the foreclosure rates are still increasing.

Seeing other people reactions towards foreclosure helps me to develop a meaningful value of life and how to appreciate it everyday of my life. As I see what is going on around me I came up with three plans that can be executed to help all people who are dealing with foreclosure issues. This can become a major factor for the economy. One is called Own A Home , Financially Fit, and Bills To Kill. These are guaranteed plans that will help any individual that feels that they are not financially secured to become a homeowner. The Own A Home program is designed for aspiring homeowner in which they