After reviewing several articles discussing the increase of foreclosures online I realized many factors have come together to encourage this increase: The economy has slowed down causing many people to lose their incomes; homeowners used their maximum loan amounts to purchase their homes leaving little cushion for future contingencies; the banking industry leant money to borrowers that were at a higher risk of foreclosure; and the Federal Reserve Board increased the interest rate. The economy, people, the banking industry and the government all contribute to the increasing rate of foreclosures.
How can I work with the above factors? I don’t believe I make much difference to the economy and I don’t have much sway with the Federal Reserve Board or even with the banking industry. I could ask the Federal Reserve board to lower interest rates and the banks to reduce or freeze their interest rates and the government to enforce our requests, but this is unlikely and if it did happen could take years to implement. So what could reduce foreclosures? Is there anything I could do to make a difference in the number of foreclosures?
I could work with the people who are struggling...
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...ommunity by the increased sense of community and good will; by the reduction in the numbers of foreclosures; and by the increased financial success of the entire community. This program becomes a win-win situation for everyone involved.
This program could become a win-win program for the entire nation. This program, the “Community Financial Mentoring Program: A Two-Way Street” is a program that could be shared with every community in America. It is a simple idea with great benefits and payoffs. This program could benefit every location with its ability to create a sense of support so many communities no longer have. Imagine the pride, gratitude, and self-respect of every person and family member involved in this program. Imagine what could happen if we all worked together again. Imagine what could happen if we worked together as a community one more time.
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