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Poverty intervention for homelessness
Mortgage foreclosure crisis of 2008
Homeless issue speach
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The last quarter twelve percent (12%) of American homes are in default of their loan, or in foreclosure. Add that to the previous four quarters and that is eight point seven (8.7) million homes in crisis. (Further on known as HIC's) The United States “Bail Out” helped major mortgage corporations, and their chief executive officers (CEO's), but not the families that are in, or were in these HIC's across America. If the Federal Housing Authority (FHA) and the United States Treasury Department would implement some radical new programs to help the people affected by this crisis, not the companies responsible for it, the FHA could turn this crisis into an opportunity to help. The U.S. Treasury could issue a $1000.00 Federal Foreclosure Housing Bond (FFHB's), made available to the families of HIC's (Homes In Crisis). FFHB's are limited to ten percent (10%) of the HIC's Taxable Value, not Market Value, to establish FAIR value. Americans pay taxes on our property based on what local and state governments think it is worth, is FAIR. A family that can show between six (6) and twelve (12) months of hardship, and own a HIC can receive FFHB's. A minimum of $50.00 a month bond payment at six percent (6%) fixed rate for ten (10) years , depending on number of FFHB's, and a decreasing payment, down to $50.00 a month, because FFHB's are paid off one (1) at a time*. For example, a family has a HIC (Homes In Crisis) with a taxable value of $50,000.00 is eligible for fifty (50) FFHB's (Federal Foreclosure Bond). The FHA (Federal Housing Authority) establishes a Rent to Own Program (RTOP) to help HIC families and other Americans in need. The family, or lender, contacts RTOP and the family shows they are three (3) months behind in the... ... middle of paper ... ... to American citizens, we pay our taxes to run these programs, we should benefit from them. If you do not pay taxes, you do not qualify for any government program. Stiffer penalties and fines for those whom employ or house ill-legal aliens should be imposed along with jail time, but making it easier for aliens to join our great country. Letting them in and giving them a Social Security Card on the first day, ensuring they will be paying taxes and giving them access to the social programs available. Our government could be a prime example on infrastructural policies, and support. Invest the money internally to make sure all policies and programs are run correctly. Hire Americans into the jobs that need filled, not hire the contractor that hires illegals to cut the costs and raise the profit. Let our government agencies make the profit, we all could profit from that.
...Finally, Habitat for Humanity should reconsider their mortgage calculations and provide extensive counseling on the affects of property taxes on home mortgages.
If a borrower finds a property that needs major work done to the structure of the home then they will need to use the FHA 203k Standard product. This loan will allow the borrower to exceed the $35,000 cap from the 203k streamline. In fact, there is no maximum amount for the repairs at all. Only the loan amount is subject to a maximum restriction.
Therefore, instead of focusing on increased border security, deportation, and the hunting down of illegals, wasted recourses could go to other ways for possible solutions to this problem. Still, the perhaps millions of dollars spent on all of these activities could be redirected in a more positive manner. Nevertheless, these funds could be used to help Mexico’s, economy, job opportunities, and health care. Furthermore, if more support was given in these areas there would be less reason for immigrants to cross the boarder illegally. Another possible solution would be to implement or change a policy regarding immigration and make it and overall easier process. Moreover, it is hard to say what those would do if they were in these immigrants situations. Often, we are too stuck in one view point, not looking from the perception of
Regional/Group HIOs are between hierarchical and rely on upon an assortment of subsidizing sources. Most are not-for-benefit.
... 2002. Mexican immigrants use about $250 million in social services such as Medicaid and food stamps and another $31 million in uncompensated health care, that leaves a profit of $319 million” (218). But should we still allow people to put their lives at risk?
Since the Great Depression, our economy has not seen such devastating downturns. As a result, many of us have lost our jobs and subsequently, our homes. The current foreclosure crisis is affecting 1 out of every 5 Americans, Jonathan Lain (How to Solve the Foreclosure Crisis). So now the focus is on finding ways to solve the growing epidemic of foreclosures. I propose that the government fund a non-profit organization, whose mission is to reduce the number of foreclosures among the American people. Furthermore, although the initial funding would come from the government, as a non-profit, the agency would be able to obtain grants and hold fundraising events in support of their cause. The non-profit organization titled, Brick-by-Brick, Inc. (B-b-B) would ensure all homeowners have mortgage insurance, educate potential homeowners via workshops; housing, and provide financial assistance.
The housing crisis in America is a major problem plaguing the United States' economy. Before a solution is formulated, one must consider the history of the market and the causes of the problem. And after a solution is formulated, one must present an idea for prevention of the problem for the future.
Billions of taxpayer dollars, my taxes that I work fifty hours a week to pay for are being spent on the same illegal immigrants that I work fifty hours a week to apprehend and deter from entering the United States. If Texas wants to waste taxpayer dollars, Texas needs to waste taxpayer dollars on programs beneficial to those that pay taxes. SNAP, WIC, and Medicaid are social services that are there to help those in need. A prime example of using social services properly is a mother that loses her job and can’t provide food for her family. WIC and SNAP can supplement the mother’s income to buy groceries to feed her family. The lost of health insurance can be supplemented by Medicaid. Social services are made to be a temporary fix to get families back on their feet. Illegal immigrants are establishing themselves in the United States and using social services as a means to live off instead of pulling themselves out of poverty. Texas needs to change this, and by change I mean Texas needs to grow some testicular fortitude and ...
As of December 29, 2009, the website Foreclosure.com reported that over 2.2 million homes in the continental USA are in some form of foreclosure, 486,323 are in pre-foreclosure and 465,490 have already been foreclosed. Over seven hundred thousand have tax liens against them and 87, 389 have been sold in Sheriff sales. Along with the homeowners, mortgage companies and banks have suffered tremendous financial loss. However, the homeowners lost so much more; they not only lost the roof over their heads, but memories, their self-esteem and their piece of the American dream.
Unlike other born citizens that I know of the abuse of government assistance programs by reporting false information and not working as illegals do. As you can see illegals are not a burden to citizens like they claim illegals are, instead they help citizens. Pro undocumented activist seeking a Comprehensive Reform How would it work, what would be the benefits are the methods ethical and would they work? Why is a reform needed?
Under current law, an alien who worked illegally in the U.S. can only become eligible for Social Security benefits by becoming a legal U.S. resident. However, officials at the State Department and Social Security Administration (SSA) are preparing a plan that would pay benefits to illegal aliens who have returned to Mexico. This law exports the poverty out of Mexico and to the US where we are to care for the less fortunate. Social Security was not implemented to serve and aid poor immigrants of other countries that came into the US illegally. The agreement with Mexico is expected to cost Social Security between $78 milion at least rising to $650
...s that were adopted from the Elizabethan Poor Laws. I feel that the TANF, unemployment, health care, and many other social welfare programs need to be review and restructure. North America is a rich country, but the richer are getting richer and poorer are getting poorer.
The frequency of foreclosure in our nation today is dangerously high. The strain from the recent economic downturn has put many families and individuals in a financial chokehold preventing them from being able to make their monthly mortgage payments. Consequently, many of these people feel they’ve punched a one-way ticket to foreclosure. With all these homes being foreclosed on, we face a very real crisis.
...earned dollars are not contributing to help the rightful recipients, but instead it is going straight to the pocket of individuals that are abusing the system and could care less about violating the law. Committing any welfare fraud is illegal and whoever chooses to break the law will be punished. “The Department of Human Services (DHS) may hold an administrative hearing, bring criminal charges or ask you to voluntarily sign a disqualification agreement if you are suspected of fraud. You will have to pay DHS back and will also be disqualified from receiving benefits for 1 to 10 years” (“Welfare” 2). Bringing criminal charges on recipients that are misusing and abusing the system is fair. It is a serious matter that needs to be taken seriously. It is stealing from the tax payers and taking away assistance from individuals that doubtlessly need the assistance.
“One out of every two hundred homes will be foreclosed every month, making 205,000 new families enter into foreclosure,” Mortgage Bankers Association. The housing industry in the United States is undergoing an unfortunate crisis. There are way too many homes being foreclosed, which cause a ripple of problems.