My parent’s have been fighting to keep their house ever since my dad lost his job over a year ago. They had been trying to pay the house off at a faster rate so had opted for a short term mortgage. Everything was going fine until the bottom fell out when the economy busted. They tried desperately to get their mortgage restructured before their savings ran out the first part of the plan, make an emergency refinance program and suspend DOC stamps and other fees so people who demonstrate need can reduce their mortgage payments before becoming delinquent. The federal government could make a program like they have for first time home buyers and give credits towards the refinancing of the loans. Diligently calling the mortgage company to try to amend the situation right away, the first stumbling block came from the mortgage company who refused to work with them until they were making late payments. The company said they were not saying to make the payments late to start the process, but told them in no uncertain terms that until they were late, their application for their hardship program would not even be considered until they were late. Now I ask you, does this make any sense at all? My parents told them their savings would not last and they did not want to fall behind on their payments. They also told the mortgage company that my dad was not receiving unemployment and was going through the appeals process. To date he is STILL waiting to hear from the District Courts about his appeal for unemployment. They wanted to refinance the mortgage to lower the payments. Here is the kicker; the mortgage company told my parents they did not make enough money to qualify for a loan to refinance the mortgage! Duh! If they did not make enough money ...
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...rogram must be personal and evaluate options that are workable for both parties, not just the side of the bank. This should be a program that has more than one option available and tailor a program that meets the individual’s needs. All mortgage companies should have this program available. The government could provide grant money to fund the positions at the mortgage companies and make it proportional to the amount of delinquent mortgages a company has. Companies that are having a hard time collecting debt will eventually make money, even though the interest may be less, once these problems are straightened out. It is better to make some money instead of no money at all. I am sure there are problems with my ideas that I have not anticipated or understand, but maybe some of these points can be considered with other ideas to make a plan that is good for everyone.
The concept of adolescents struggling with their identities is a popular one in the film industry, but the comedy Little Miss Sunshine depicts this experience in an especially realistic and relatable way. Studies have shown that adolescents who have adequate social and family support experience less stress during times of identity crises (Nair). One of the characters in the film, Dwayne, struggles through an identity crisis and he does not overcome it until he receives support from his family. In
he is "lucky" he has never had to worry about what career he would choose! The Identity status of Jude would be Identity Foreclosure. In my opinion, Jude has made a commitment to help run his family’s business as well as to marry the girl that lives next door to him. He seems to be set in stone with his plans and goals. Jude probably grew up knowing he would work in his family’s business after he graduates so he never really explored any other options. I would ask Jude if this is something
sketched for my future life; the necessity of doing something for myself, united to a naturally roving disposition, had now conspired within me, to send me to sea as a sailor” (43). Here his father’s death puts pressure on him to work as a sailor. The oppressive society forces him to leave his comfort zone, his home, his class, and makes him helpless and unprotected. When he leave his home, he thought everything would be fine as he dreamt as a child. He says, “Yes, I will go to sea; cut my kind uncles
From the Thirties The Great Depression of the 1930’s, which has been called the “invisible scar, the absent presence,” continues to impact American culture (Rabinowitz 17). The devastating effect of failed businesses, the dust bowl, farm foreclosures, and an unemployment rate of 30 percent reminds us that capitalism is fallible. Although we recall with humility this bleak period of our history, we seldom reflect on the plight of the Depression’s most vulnerable victims--the underpaid, uneducated
Changes in the global environment, in conjunction with the deepest and most prolonged economic downturn since the Great Depression, have started a sea change in the domestic mattress industry. The end of conspicuous consumption for big-ticket items such as mattresses and foundations, is the result of declining new home sales, tightening of consumer credit, the consumer confidence index still well below pre-recessionary levels (Wang, 2010), and unemployment hovering near 10%. In order to remain viable
For this client system assessment, I have chosen a client I engaged with while at work, my client’s name is Keith. Keith is 34 years old and has had many unfortunate circumstances surrounding his life, beginning with his birth. Keith’s family system consists of himself, his mother and two step siblings. Keith was unfortunately the product of a rape, witnessed repeated domestic abuse situations with his mother’s boyfriends and husbands, was abused himself and to this day, Keith continues to suffer