Solving the Foreclosure Crisis- Decrease Interest Rates, Create Jobs, Financial Education and Stimulus Programs

Solving the Foreclosure Crisis- Decrease Interest Rates, Create Jobs, Financial Education and Stimulus Programs

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Foreclosure is an important issue in the United States and needs to be ended or decreased rapidly as soon as possible for the sake of America’s economy. The foreclosure of homes has decreased the state of the economy, and rendered millions of Americans homeless. There are four key solutions that will stop foreclosures in the United States and able millions of American to keep their homes. The first solution is having banks lower their interest rates for all citizens who are in financial need of an interest rate deduction. The second solution is creating jobs that are able to sustain through an economic crisis. The third solution is for states and towns to conduct public seminars on how to manage and budget ones finances during financially herd times. The final solution is for the government to create stimulus programs to prevent homes from going into foreclosure.
Having banks lower their interest rates for all citizens who are in financial need of an interest rate deduction is a solution that will stop foreclosures. How one would get the banks to lower their interest is by explicitly explaining to banks that decreasing interest rates will increase their profitability, because it will attract more citizens who want to be home owners and are concerned about purchasing a house due to the state of the U.S’s present economy. Also, by explaining to the banks that decreasing the interest rates will increase profitability, because it will cause bankruptcy to decrease due to affordable interest rates for citizens, allowing the bank to receive all and full payments from citizens who took out a home loan. Citizens purchasing homes due to low interest rates will not only be an advantage to the banks but for the economy, a...


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...techniques from the cash for clunker stimulus program, but in this case the citizens have to volunteer for the town and complete community service in order to receive a stimulus package. The positives of this program are citizens get to keep their home as well as make their community a better place.
Foreclosure in America is an important issue in the United States and needs to be ended or decreased rapidly as soon as possible for the sake of America’s economy. If foreclosures are not stopped than the amount of foreclosures will increase dramatically. Also, the total amount of those homeless in the United States will sky rocket. The solutions previously listed are only stepping stones on the way for ending foreclosure in the United States. Hopefully these solutions will be taken into consideration to end foreclosures in America.

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