Solving The Foreclosure Crisis Essay - 987 Words

It is a well know fact that the world is in a financial crisis which has resulted in the foreclosure crisis. This is a problem that can not be resolved by the government alone. If the government continues to hand out bail out money to businesses trying to help them avoid bankruptcy or from going out of business the national debt will continue to increase. The national debt will have to someday be paid off and if the government continues to borrow money the result will be higher income taxes paid by those that are already struggling to bring home a paycheck that will meet their basic living expenses. In turn this will make the financial crisis continue to get worse as time goes on. This is a problem that has to be solved by each business†¦show more content†¦The solution is mortgage amendments. These amendments are not the same as a refinance and do not require any refinance fees or appraisal. They should take very little time and expense to create, approve and be considered a legal amendment filed with the original documents. These are meant to be temporary but the time limit on them is dependent on the borrower’s income allowing them time to find a job or increase their current income. There will be two types of amendments. The first one will lower the interest rate significantly which will lower the monthly payment without changing the term of the mortgage. This one can be very beneficial to those who have taken a pay cut or a slightly lower paying job and will not extend the term of the loan. The second one will also lower the interest rate significantly but will also lower the principle payment and extend the term of the loan until the loan is paid in full. The disadvantage to this amendment is that the borrower may end up paying more in interest through the length of the loan. The advantage is that the borrower will be able to lower their payment to an amount they can afford. With both amendments the borrower will report their income yearly until their income reaches the amount that was provided in the original mortgage documents or their income from the borrower’s previous job. Reasonable income guidelinesShow MoreRelatedSolving the Foreclosure Crisis 1107 Words   |  5 PagesSolving the foreclosure crisis is not an easy quest. In order to solve the crisis, it will take everyone getting involved. The banks and other lenders need to be willing to work with people who have been in their homes and need to have their loans restructured or refinanced. There should not be any more QUICK FIXES. Too many of the lending institutions are trying to put a bandage on an open wound. Instead of working with the homeowners, they are willing to put the residents out of the homes and thinkRead MoreSolving the Foreclosure Crisis 972 Words   |  4 PagesIn order to solve the foreclosure crisis, first we must identify and examine the reasons why people are going i nto foreclosure. The unstable economy which has led to the loss of thousands of jobs is the most obvious reason that people are foreclosing their homes. Without a stable and sufficient source of income, it is virtually impossible to pay back mortgage lenders. The first step we should take to solve the foreclosure crises is to create more jobs so that people can pay their mortgages on timeRead MoreSolving The Foreclosure Crisis Essay985 Words   |  4 PagesHome foreclosures have been a hot topic in recent months as the economy has been in a serious downfall with a very slow recovery process. There are many different philosophies and many people truly feel that we can recover from this. We can alter the foreclosure status by giving serious consideration to the economic times and the types of mortgages that are available. Buyers must become more educated on the additional costs when getting a mortgage such as taxes, insurance, etc. The governmentRead MoreSolving the Foreclosure Cr isis 1156 Words   |  5 Pagesâ€Å"Foreclosure filings were reported on 336,173 U.S. properties in June, the fourth straight monthly total exceeding 300,000†¦Ã¢â‚¬  Brooklyn, NY – December 30, 2009 Foreclosures continue to rise drastically across the United States due to the recession, and have effected, and continue to affect thousands of families and individuals every day. One aspect we must take into consideration is that most people are not informed of what foreclosure means, or the process, even those who are homeowners.Read MoreSolving The Foreclosure Crisis1012 Words   |  5 PagesThe current foreclosure crisis is affecting everyone in this nation. If people are not experiencing the crisis firsthand, they hear about it through family, friends, and their other social networks. Nonetheless, it is impossible to escape because the media is constantly showing coverage about it. People are becoming more aware and seeing how expansive the impact is through television, internet, print, and radio. Americans are quickly realizing the impact the foreclosure crisis is having on theRead MoreSolving the Foreclosure Crisis 979 Words    |  4 PagesOne way to solve the foreclosure crisis is to actually foreclose on every homeowner’s home loan, including the homeowners in bankruptcy, pre-foreclosure and post-foreclosure. The credit report of these homeowners should read as a recession in 2009 and it should not lower their credit scores. The banks should then match the previous interest rates to the interest rates of today and appraise each home and property at the value that it was assigned by its local tax assessor. By doing this it willRead MoreSolving the Foreclosure Crisis 1578 Words   |  7 Pagespotential loss breaks down as follows: Loss from sales price: $200,000.00 5% Commission: $10,000.00 3% closing cost credit: $6,000.00 Repair credits: $1,000.00 Foreclosure fees: $50,000.00 Total loss $267,000.00 Case number one: For those whose income has not had any major variations from the time they initiated their mortgage, but are finding themselves unable to continue their payments because of anRead MoreSolving the Foreclosure Crisis Essay1092 Words   |  5 PagesThe foreclosure crisis was one of the harbingers of the coming economic recession. This was the issue that shifted the focus of the 2008 presidential election from the Iraq War to the economy. As one can imagine, many individuals and families are currently hurting as a result of this foreclosure crisis. High unemployment rates and lack of job creation leave very few options for already struggling homeowners. Because the housing industry composes such a large part of the American economy and affectsRead MoreEssay on Solving the Foreclosure Crisis 969 Words   |  4 PagesThe current foreclosure crisis that our nation is experiencing has become a great hardship on many people in America. People that have lost their jobs due to cut backs, people with families for whom they need to provide shelter, people who are otherwise very responsible but have been put in a position from which they cannot escape, these are the people that are suffering. Normally if one could not afford to make payments on their mortgage, there would be ways for them to refinance their mortgageRead MoreThe Solving The Foreclosure Crisis933 Words   |  4 Pages The foreclosure crisis, which tragically happened several years ago, stole away the homes from countless Americans and left them high and dry. These Americans were not even neglecting to pay for their mortgage on purpose; the economy took a drastic downfall and took all of those unshielded Americans with it. Now, these Americans are left with many questions that are unanswered – until now. They still have the chance to improve their credit, test out their dream home, and thrive in the current reasonable

The Government Should Limit Advertising Aimed At Children

The Government Should Limit Advertising Aimed at Children The government should exercise more control and limits on advertising that is aimed at children. Children are the leaders of the future and the children watch on average two or more hours of television a day. These are children’s most formative years. When children form ideas that prove to be substance of how they will think as adults. There are several reasons why advertising aimed at young children should be banned. Advertisers and marketers influence young children. Children are the future leaders of our world. Television encourages them to become consumers and equate ownership of things with self-worth. Thus, at an early age, children are influenced to associate status and self-worth with materialistic things. We are producing young consumers rather that productive citizens who will add value to society. While the government states its purpose for protecting children, in general terms, children are simply influenced and cannot tell advertising agenda from the truth. There are some specific and real problems that advertising can cause upon children (William A. Ramsey). Fast-food restaurant advertising it’s influencing our children to be obese. Childhood obesity around the world is causing worries, especially detrimental as its effect carries on into parenthood. The ratio of children s who are overweight has approximately tripled in the same period, reaching fourteen percent (Center for disease controlShow MoreRelatedThe Government Should Exercise More Control And Limits On Advertising868 Words   |  4 Pages The government should exercise more control and limits on advertising that is aimed at children. Children are the leaders of the future and the children watch on average two or more hours of television a day. These are children’s most formative years. When children form ideas that prove to be substance of how they will think as adults. There are several reasons why advertising aimed at young children should be banned. Advertisers and marketers influence young children. Children are the futureRead MoreChildhood Obesity And Its Effects On Children1188 Words   |  5 Pagesadopted by children affect their mental and physical health. Studies have shown that there is a link between what children see in advertisements and the lifestyle choices they make. Studies also showed that children who viewed advertisements showing healthy eating were more likely to engage in healthy eating habits (Carter and Maria). There are large amounts of advertisements for foods and drinks high in fat and sugar. Many studies show that there is a link between childhood obesity and advertising. ThereRead MoreEssay about Advertising and Childhood Obesity2520 Words   |  11 Pagesalways beat a playground, and everything is motorized. This is the way that American children are growing up, and out. But in a society that is so obsessed with look ing good and thus, thin, how are these children getting so large? Advertisements. The news has been attacking advertisements aimed at children, and rightfully so, they are showing unhealthy lifestyles and eating habits in a socially acceptable way. Children watch cartoons. Simply put, this statement has held truth for many, many years. SaturdayRead MoreFood Marketing Targeting Children And Their Own Communities Across The Country1509 Words   |  7 Pagesspeech including the regulation of advertising to children. Advancements in digital technology have allowed marketers to find more direct and personalized gateways to reach young audiences through advertising, side-stepping the authority of adults and taking advantage of children’s vulnerability. While food corporations might argue that it is ultimately the targeted audience who assesses a product and therefore no regulation should be permitted, the government needs to regulate how far commercialRead MoreObesity Is A Major I ssue844 Words   |  4 Pagessomething that should be taken lightly as it is known to lead to multiple health concerns and overall lower life expectancy. Unfortunately, the rate of obesity of children under the age of 19 has drastically increased from where it was in 1971. Also, there was a notable spike in the last 10 years and these rates continue to rise (Pineros-Leano). So why the recent spike? The fast-food industry. Despite the industry effort to reduce the marketing aimed and children, fast-food advertising for kids hasRead MoreThe Government Should Not Control What Children Eat Essay1841 Words   |  8 PagesStates, nearly twenty percent of children between the ages of 6 and 11 are clinically obese; however the government has no place trying to control this. (CDC, 2008) The current administration over steps its authority moving beyond the control of federally funded school lunches and into oversight of privately owned vending machines in public schools. Major corporation s are being bullied into censoring their advertisement exposure to younger children so that the government won’t impose their own regulationsRead MoreThe Argument Against Ban On Tobacco Related Advertising850 Words   |  4 Pageson tobacco related advertising in India are plentiful. First, proponents of the ban assert that the state has the right to intervene in the name of public health. Second, there are other precedents for dangerous or potentially dangerous products’ advertising being restricted such as firearms or pharmaceuticals. Third, tobacco related deaths are projected to increase over the next few years and we need to take action to stem the flow of new users. Fourth, youth targeted advertising campaigns are wrongRead MoreIndias Ban on Tobacco664 Words   |  3 Pagesmain concern for many governments and forced them to act and take measures to minimize the damage caused by tobacco products. One typical example of these authorities is the Indian government . For this session of written assignment, I will analyze a case study of ban on tobacco Ads by Indian government. By 2001 the government of India announced for the banning of Tobacco companies from advertising their products and sponsoring sports and cultural events. This was primarily aimed at reducing tobaccoRead MoreAdvertising Targeted to Children Essay1039 Words   |  5 Pagesdecisions on our own to not be manipulated by advertisement we encounter today but what is the there to regulate advertisement aimed to children in today’s society? In order to control advertisement targeted to children the government must set up laws to regulate what is shown because if advertisement goes unregulated the hidden effects and causes will lead our children to a variable amount of things such as health, poor future decisions and even a child’s behavior. According to CBS News In 1983Read MoreVideo Games And Its Effects On Children1403 Words   |  6 Pageslist of a million things and this list changes every day. It should come as no surprise though with the way the toy market aggressively advertises towards children. They base the continuation of certain television shows based upon the sales of certain products, they create video games based around toys to generate interest on two fronts, and they even use food as a way to get toy names out. But what does that really do for our children? Kids from impoverish families know that they won’t be able to

Up-to-date Mobile Phones Free Essays

? The use of mobiles or cell phones in educational institutions, specifically among universities, has caused many arguments in the society. One part of society has supported the use of cell phones in universities; the other part has opposed their use bitterly during in universities. Students should not be allowed to use mobile phones in university because they misuse them, cause distraction and limit learning. We will write a custom essay sample on Up-to-date Mobile Phones or any similar topic only for you Order Now First of all, students should not use cell phones in universities because they cause disruptions during class time. For instance, some student in class may have a loud, funny ringtone that interrupt learning whenever a student receives a call or SMS. This happens as some students forget to switch off their phones and, as a result, they make a lot of noise during class time that eventually disorders the learning process because it will make students forget a part of the lesson that is so important to them. Secondly, mobile phones should not be used in universities and other institutions of learning because the students can misuse it. Despite the fact that the up-to-date mobile phones are well equipped with other additional features like email, radio, Bluetooth and cameras, students have tended to abuse them through cyber bullying whereby they hurl insults and write vulgarity to harm other students through social platforms like Facebook and twitter. Another reason why mobile phones should never be accepted in universities is the fact that their use has been known to deter the remembering of learned knowledge by the students. It has been recognized that some students have become addicted to the use of mobile phones to the extent that their rate of knowledge retention is too low because of minds that are preoccupied with social media platforms such as Facebook, Twitter and Instagram. The use of mobile phones by students in universities should be banned altogether since their use has been associated with exam cheating thus gaining an unfair advantage over their peers. In conclusion, given the compelling evidence and the undeniable negative results regarding the use of mobile phones by students within university grounds, government legislators should support the ban on mobile phones. This is because while the gadgets were meant to aid communication between different people in different circumstances, the students have continued to use them negatively thus bringing lots of harm on each other. Some people said that cell phones should not be prohibited on campus because it helps students in studying times. For example, it can be used for a quick search for information rather than wasting time to open the computer. They also said that cell phones can be used to translate words. This is true but the majority of students tend to use it in a bad way How to cite Up-to-date Mobile Phones, Papers