Solving the Foreclosure Crisis Essay

Solving the Foreclosure Crisis Essay

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The current foreclosure crisis in America is a very sad and disturbing situation. It is distressing to think of families across the United States of America in the process of losing their homes. As the leader of the free world, it is appalling to me that the president and his cabinet cannot develop a program that will assist families to stay in their houses or at least prevent them from being eradicated from their home sweet home. This is the reason why I have talked to my parents about an idea to prevent this from happening. My idea for the current foreclosure crisis is a simple one, but one that I think might have positive results. The main goal is to keep families from losing their homes.
My plan would be a delaying payment plan for mortgage payments. I will call this plan the “Keep America Covered” program. When a person loses their job, or when some family related situation develops that impacts their ability to make their house payments, “Keep America Covered” would kick in.
For the following parts, I received help from my parents since I did not completely understand the process of a home mortgage. This is how the “Keep America Covered” program would work. The family in need would notify their mortgage company of their unemployment or troubled situation. The family would, of course, have to prove that their situation falls under the guidelines justifying the delayed payment program. By law, the home owner would be allowed a delaying of twelve house payments. Their home loan note would continue to accrue interest during the delayed payment program. This process would discourage people that are not in real need from taking advantage of this option. These twelve “frozen” payments would be tacked on to...


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...t about the father that has to tell his children that he cannot provide a roof over their heads? This has to be an incredibly depressing thing to bear. I think he could be a ticking time bomb. We always see on the news somebody that mentally snapped and shot a bunch of innocent people! Who is to say senseless killings might actually begin by the mounting stresses associated with getting kicked out of your home. “Keep America Covered” program I believe is what is best for the physical and mental health our country. It keeps American families in their own homes. The program keeps kids in their homes and keeps parents providing for their family. This gives our country a more stable environment. “Keep America Covered” is not only the right thing to do; it will also improve the overall health and performance of our country. It’s a win-win situation for everyone!
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