Foreclosure-Personal Narrative

As a child, I never realized the obstacles my family went through and why they wanted me to be the best student at the school. My parents tried their best in sheltering me from the truth but I always knew we were struggling financially. Growing up, I witnessed my parents struggle to find jobs and a stable house

In the gleeful times of 2005, my parents decided, like so many others, that it was time to “upgrade.” They sold our smaller home on the other side of town, which had appreciated nicely, and bought a 3700 square foot behemoth in a town with already exorbitant property taxes. My younger brother and I were thrilled to finally have a basement, our own rooms, and even a concrete basketball court in our backyard! All eight-year-old me knew was that things were going to be a whole lot more comfortable from there, and my optimistic parents seemed to think the same.

was August, and I was seven months behind on the mortgage. The house had now gone into foreclosure, and on the twenty-eighth, it was going to be auctioned. Despite what that letter said, I still trusted God to perform a miracle. That letter did not faze me a bit. My faith was solid, and nothing or any person was going to shake it. After all, I was following the direction of the Lord.

mortgage was due, and I had not paid anything since they sent the check back to me in March. I received a letter stating that I had to send them both payments, or they would not accept it. I had believed that if I was sending them a payment, everything would be okay until I was able to catch up. When I sent February’s payment in March, the mortgage company sent the check back. I explained to them that I wasn’t two months behind because I had until the 15th of March to pay them. They would not work with me, and now I had a problem of needing at least another one thousand dollars to catch up with my mortgage payments.

Foreclosure has hit so many people in the U.S. that now people feel like giving up. America is known for pushing forward and fighting for a better tomorrow, but now it seems like that tomorrow is only going to get worse. Fighting foreclosure starts in the home with the family. The parents are the ones needing to be a light in the children’s eyes and showing them a good way of saving could help them also in the future by not making any mistakes with their credit. Jobs are scares but getting any job period could allow some of the debt to slowly fall off. Even if it comes to having to sell your house, doing it the best way can only helps your credit which will help you in the long run when you are in need of buying another house. Letting go

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

“We all long to be in the flourishing section, but we stay in the safe section”(Mr. Mustard.) I want to be able to stand up for what is right no matter who it is for or when it is. “ For I know the plans I have for you, Declares the Lord, Plans to prosper you and not to harm you, plans to give you a hope and a future(Bible Gateway.) This is has helped through this year because it has helped me to know that I am the temple of God and I am the body of Christ. I know that my plans and God’s plans are different. I learned that through this year. I always wanted to make my own plans like I will study this or I want to do this. But it I have found out that it doesn't work that way. I know I have to believe in him and he will show me the way. “Also tht I am the body of Christ, when God looks down onto this earth, He will look down on us and see the image of Christ in us”(Pastor Matt.) That just blew my mind, I don’t know why, but it did. That is why I want to grow more in my faith and my action because we all are made in Christ image, and we should fulfill

In high school everyone expects you to find out who you want to be before you graduate, some of us do and some of us do not. Teachers, counselors, administrators, your own family will tell you that what you do with your four years of high school will define you

This is not a typical foreclosure case, but not a typical one . A pending foreclosure sale was actually canceled by written notice to the homeowners. Even had the sale not been canceled, it would have been voidable by various violations of California law which protect homeowners from wrongful foreclosure.

Foreclosure: Losing Your Home and Rebuilding Your Life The best approach I can take to this topic, I believe, is personal experience. In 2005 I became a widow with four young children and no home. I took my husband’s modest life insurance policy and put $12,000 down on what I

From what I can understand about the foreclosure issue in this country, it is partly due to the fact that many people get trapped in these adjustable rate mortgages (ARM) and when their rates increase, their mortgages will go up, and they are no longer able to afford their homes. Another reason is because of the mere fact that so many people have lost their jobs. Although this crisis may not be solved over night, I do have some ideas as to how this country can cut down the number of foreclosures that occur.

Foreclosure is a heartbreaking process, but it is always possible to salvage something from the situation. If you can pay back the lender everything you owe, including back payments and penalties, then you can sell it before it is auctioned off. An experienced real estate agent can help you avoid foreclosure by selling your home and getting enough to pay your debts.

Foreclosure is a topic that is very near and dear to my heart. I must admit that it happened to me and the experience was life shattering. Like many first-time home buyers, I was ecstatic to have a home to raise my children in and to hobble up the stairs in once I reached a more mature age. However, I that dream fell apart after I lost my job as a manager and my husband left me. I was now stuck with a mortgage that I could not afford and I was paralyzed with fear. After failed attempts of finding a renter that would live full-time in my coastal town, I lost everything. I was overcome with shame. I moved as far away as I could from my beautiful home and resigned myself to a life of grief as my credit score plummeted into a seemingly bottomless pit.

In the United States we face many issues such as poverty, death, health, and many others. But the issue that is currently effecting society the most is foreclosure. What is foreclosure? How has it effected society?. The definition of foreclosure is a legal or professional proceeding held by a lien holder which is a court order termination of equitable right of redemption amongst housing properties. Foreclosure has not just effected us financially, but has effected society physically.

Darci Deakin A01679461 FCHD 5340 Final Exam Question #2: Foreclosure Case Scenario 1. I would want to explain to Shelly what loss mitigation is. I would explain that it is a program to provide relief to borrowers with FHA insured mortgages in default. Through this process the lender can modify the terms of the home loan this program will maximize homeownership retention, reduce foreclosure and preserve the integrity of the FHA insurance fund. I will explain to Shelly that she can still qualify for early intervention because she is less than three months delinquent on her payment. This early intervention is default counseling (which my counseling session with her will count as), informal repayment plans, refinancing the mortgage or selling property. I will also tell her that her lender will have to consider her past, current and future financial situation. Because they have great credit scores and this is the first time they are behind on their payment, the lender must take that into consideration.