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Advantage of counseling
Advantage of counseling
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The economic crisis has become pervasive and no one is immune from its effects. Families are finding themselves in situations that they had only heard of others experiencing and are finding their circumstances spinning out of control and fast. There is an obvious need to assist families with real solutions now and fast. Mortgage companies are not quick to be compassionate or offer practical solutions to those who find themselves living paycheck to paycheck and then not having a paycheck and/or nothing in savings. Or maybe there is an accident, injury, or illness and medical insurance has been exhausted or none at all. Perhaps there is a separation, divorce, or death and no one to care for the children while the other is working. Maybe there is limited income and an unplanned pregnancy.
Realistic solutions are required so that problems are solved in the family and not made worse by being required to move and have late fees, higher interest rates, and/or finance charges. This can exacerbate the issue because the move may uproot the family out of the school district. It may limit access to public transportation. It may increase the distance from family members and other support people/resources. Either way, asking a family in financial crisis to move from what they consider home is not the answer.
Mortgage companies are quick to contact the lender if a payment is late and the mortgage company keeps an accurate payment history. There are obvious trends to people who may be struggling to make their payment. These trends may include frequently paying late or using the entire grace period regularly. Rather than making a phone call about a late payment, how about a phone call to discuss why the payment is late, help with budgeting, whe...
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...their way, which may cost more, to save a penny but may save quite a bit more when they frequent it. This website is http://autos.msn.com/everyday/gasstations.aspx?zip=&src=Netx.
The first session would be the comprehensive assessment, the second would be presenting the plan of action to the mortgagee family, the third would include follow up on the action steps and addressing any glitches. A six-month and twelve-month session would be scheduled to follow up. If the mortgagee does not appear willing to receive the help and no action steps have been made by the second session, discontinuation and fee for the services would be considered.
I believe that the wisdom from a trained professional, the personal care and interest given to the family, and the short and long term solutions that these resources provide make this a great option to the foreclosure problem.
literature include the financial crisis of 2008 and foreclosure impacts. Foreclosure impacts include the effects of crime, housing sales, property valuation, property abandonment, neighborhood destabilization, and shifts in tax revenue. The sources of the literature reviewed were scholarly journals, peer-reviewed journals and governmental websites. The foreclosure impacts will be presented as subtopics within the body of this paper. Financial Crisis of 2008 The financial crisis of 2008 is often compared
The foreclosure crisis has been devastating. Families no longer able to afford mortgage payments are forced into bankruptcy, while banks find themselves with properties valued at less than the loan principal. Solutions proposed thus far have primarily focused on loan re-modification measures that only slightly relieve the financial burden for homeowners and frustrate lenders who are forced into less attractive loan terms. However, one solution not being discussed in congress may resolve the housing
out huge loans for settlers trying to expand their land and businesses. Many of the loans the banks gave out were not formally issued. Countless Western banks were very negligent with offering discount rates on loans to clients. This led to the foreclosures of farms and widespread personal and business failures. When Americans lost most of their money people were left jobless and homeless with many businesses going under. Debates
My proposed solution for the foreclosure problem has several parts. They include eliminating and legally banning interest only loans, mandatory loan modifications, government tax incentives to stay in a potentially foreclosed home and consumer education. Many years ago the mortgage companies created the thirty year home loan. It seems like this extended payment plan would benefit the homeowner by allowing more time to pay for the mortgage. The payments were smaller and more affordable than those
will be controlled by the rich, and the rest of the population will just be proletarians who are not cared for by anyone but themselves and stuck in an eternal hole of debt and inequality. What does the American economy have to lose? If the solutions proposed by Stiglitz do not work then nothing will change, the country will still be unequal, but if they do actually work then the nation can be raised out of the downward spiral of inequality that it is currently stuck in. Logically it doesn’t make
There is a solution to the Foreclosure Crisis. I do not propose that this is my own answer, but that it is born out of Love. The love for all my family and friends and the country as a whole is the reason for this proposal. Their fates and indeed the fates of our way of life in America depend on what we do at this time in history. The admiration and love for the foundation on which this country was established is an additional motivating factor. Needless to say we can neither turn our backs on all
Appalachian Mountains would arouse a constant warfare with the indians. Other reason the Articles of Confederation was accepted at the time was the Land Ordinances. The Ordinance of 1784 established stages of self-government for the West and “Jefferson proposed that new territories be incorporated into union as states on an equal footing with original thirteen” (Keene, Cornell, O’Donnell 140). Moreover, the Ordinance of 1785 regulated the land sales in
the freedom of worship, the freedom from want, and the freedom from fear. Today, the definition of the term “liberal” is relatively uncontested, and its content is relatively well defined. A liberal today is someone who advocates for governmental solutions to various problems, not for unaided individual freedom. Liberals today trust and call for governmental action, not for the type of self-determination supported by Hoover. Contemporary liberals believe in individual freedom, but they typically
To start with General Motors was a company that sold half of the cars in America, employed in its various guises as many people as the combined populations of Nevada and Delaware and was considered as a model for managers all over the world. The Company was designed according to the needs of his customers (“a car for every purse and purpose”). The company structure was created in the 1920s, in which professional managers would report to a head office through strict financial monitoring and later