Solving the Foreclosure Crisis - 1101 Words

Many American families are being forced into a foreclosure on their houses. Families are unable to pay their bills that are due to their mortgage lenders, so the lending institution decides to initiate a foreclosure on the property. When a foreclosure reaches completion, the family loses its right to the property and the lending institution assumes ownership of the house. The family or current resident is evicted as a result of not being able to make payments in the amounts that were agreed upon at the signing of the mortgage loan. As frightening as losing a house is, and considering the impact a foreclosure will have on a family’s financial future, I believe there are ways that a foreclosure epidemic can and could have been avoided.†¦show more content†¦Requirements of a lender might be that the home and land is in a location and physical condition that meets the mortgage company’s criteria for a positive investment, suggesting that the property may apprec iate in value. Through meeting the requirements and in the event of a foreclosure, the mortgage company will own a property that they have an interest in. Also, they will have minimized the risk of owning a property that will decline in value. There is another advantage of the mortgage company agreeing to limit their loans to agreeable properties. If thorough analysis is done on the condition of the property and the mortgage company agrees to invest in the loan, a mortgage company may turnaround and benefit from foreclosing on the property and selling it for a higher price. Property value makes people doubt the reality of ever actually owning a piece of land and/or the property that is set upon it. Real Estate prices boggle the mind and intimidate the average American’s wallet. These stunning prices evoke a few seemingly facile questions to the average American earner. Why is the cost of property so high? Why does it take 30 years, a third of a healthy person’s life, to actually own their land/house? Has the valuation of real estate exceeded what is fair? I agree that the valuation of real estate has exceeded what is fair. Not because my income falls below the median level, but because the average AmericanShow 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 into 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 Crisis 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

Reader-oriented Theories and Their Application to Ernest...

Reader-oriented Theories and Their Application to Ernest Hemingway’s Hills like white elephants From the very beginning of the literature people tended to criticize the literary works according to some certain criteria. Some critics claimed that the text itself is important and some other said the author and his style is the thing that should be focused on. Form and content were the other significant elements in the history of the literary criticism. In addition, the social and political influences of the time that the work was written were also considered as important. However the reader who reads the work and his thoughts and his interpretations were not as valuable as the other criteria until late 19th and early 20th century. From†¦show more content†¦So there is another new term in the criticism, subjective perception, that is to say how a reader understands and reacts to a work. There are many approaches about how people perceive the real world, they have different results but the only thing they agree is that the perceiver is active and not passive in the act of perception. Here the perceiver, the reader, is the center of the literary criticism. According to Formalist critics a poem is about itself (its form, its imagery, its literary meaning) before it is about the poet, the reader, or the world. However, if we reject formalism and adopt the perspective of the reader, we can say that the poem has no real existence until it is read, its meaning can only be discussed by its readers. Every reader can find different things in a work because our ways of reading differ. Walker Gibson can be claimed as one of the first critics of this New Criticism. His view of literature is text-centered. It assumes the value and uniqueness of the literary work of art. In his essay, the concept of the reader is introduced as a way of unlocking further treasures in the text. Shortly, the text is still important but the reader is there to achieve some certain tasks. Here we see a new term, mock reader. As its name suggests, it is not a real reader but is a role that the real reader is invited to play for the duration of the novel. As for Gibson, the concept of the mock reader is a property of the text and not a

PhD Dissertation Chapter 1 Free Essays

The Fundamental Components Chapter One, one of any research thesis or dissertation, should lay down the basis and the objectives any researcher would want to achieve in such undertaking. This chapter consists of the background and Theoretical Framework of the Study, Statement of the Problem and the Hypotheses, Significance of the Study, the Definition of Terms and Delimitation. The statements made in these subsections should be clearly stated. We will write a custom essay sample on PhD Dissertation Chapter 1 or any similar topic only for you Order Now   In the first subsection, the background will formally introduce the topic and discuss the rationale of choosing the problem as well as its theoretical framework.  Another one is that the Statement of the Problem and the Hypotheses should be couched in clear and measurable terms. This part describes the purposes why the researcher is conducting the study and enumerates the hypotheses to be tested. Third, the Significance of the Study will cite the benefits that could be derived as a result.  Next, the definition of terms should give the conceptual as well as the operational meanings of the terms in relation to the present study.  Finally, the Delimitation part will set the limits and scope of the Study. The Analysis The subject of the present analysis is the Chapter of a Dissertation Proposal. The Background of the Study As stated previously in the explanation of the Background of the Study, the Chapter 1 of the present research lacks a Research Title to serve as a basis of the Chapter 1 component of the dissertation. Having no title, the researcher or the reader of the present work will have a hard time guessing what the Chapter was all about. Thus, he will only have to guess the appropriate title of this research which is missing. The research describes the different â€Å"excellent models† used by other developed countries. Since this is the case, these models to my mind bear no relevance to what the research is all about neither to be used as a link to the research title. Though I must admit that the researcher stated his intention or reason for conducting these research â€Å"is to provide theoretical background to the ‘claim’ that the TPEM is strongly based on management theory† this thus not negate the fact that in using to explain his intention through â€Å"TQM and performance-based models, Resource-based View (RBV) and the stakeholder theory (ST)† he employed a research paradigm which was not properly explained either in in-text or via graphical representation. How can the researchers establish a prior relationship â€Å"between enablers and performance indicators is important before testing their causal linkages?† It should be properly explained. The Problem Statement and Research Objectives The Statement of the Problem section provides a description of the purpose of the study and enumerates the Hypotheses to be tested.  The researcher in this part stated the the enabler consist of leadership, organizational culture and values, strategies and objectives, best practices, innovation, and change management; and the results set comprises of productivity, employee satisfaction, customer relationship and stakeholder focus and the performance results. To my mind these are the variables that will be used to attain the researcher’s desired end. The Statement of the Problem here is couched in general terms which is very difficult to determine what statistical tool to be used or is it measurable using statistics. To wit: [h]ow similar is TPEM to other previous performance models such as MBNQA, EQA and Kanji’s. What similarities or differences that co-exist between TQM based models such as MBNQA, EQA or Kanji’s and other performance-based models such as Competitive fitness model, Blue-chip characteristics, and World class manufacturing model; {s]ince TPEM is claimed to be beyond quality management perspectives, does the model have strong foundation in management theories.   What theories could explain its performance factors or enablers and what are the theoretical roots of model’s performance factors; and [d]o the dimensions identified as enablers (called capabilities, and stakeholder focus in this thesis) affect company performance. This statement should be reduced into simple terms that could be measured, even in practical terms, by a given statistical tools; otherwise, it will be very hard to come up with a concrete answer for these statements.  Ã‚  In like manner, some of the objectives or the specific questions that need to be answered are couched in general terms or even misplaced, to wit:   Ã¢â‚¬Å"[t]theoretically clarify the TPEM within management theories; to clarify each enablers (organizational capability and stakeholder focus) as determined by TQM and other related performance-based models; to clarify the company performance dimension of the result portion of total performance model; to establish a suitable measurement items for each dimension of capability, stakeholder focus and company performance; to validate the dimensions of the model; to test the relationship between each dimension of the capability, stakeholder focus against company performance; to test the structural linkage between organi zational capability, stakeholder focus, and company performance with the stakeholder focus as a mediating variable; and to test the goodness of fit of the model.† How can we measure through clarification the company performance dimension of the result portion of total performance model? How can we establish in a statistical terms a suitable measurement items for each dimension of capability, stakeholder focus and company performance? How can we validate the model’s dimension? How can we measure the structural linkage between organizational capability, stakeholder focus, and company performance with the stakeholder focus as a mediating variable? To me this is quite broad and diffused. In the question â€Å"to test the relationship between each dimension of the capability, stakeholder focus against company performance† this should be stated in this manner: Is there a relationship between†¦Ã¢â‚¬ ¦..stakeholders focus and company performance? Lastly, never state in the object the kind of statistical tool to be used as in this case â€Å"to test the goodness of fit of the model.† Use the word â€Å"association or relationship† in forming the specific objectives.  In general, the objective part needs to be re-written in order to respond to the Problem Statement. Otherwise, the aims of the research will not be attained. Significance of the Study In this section, the researcher should focus on the study’s significance to its purported end user. Never explain literature or describe the models. Stay on the unique significance of the present study to the community or organization where the researcher belongs. Definition of Terms The definition of term lacks the conceptual and operational definition of terms of selected words unique to the study. The researcher only includes a purported definition without even citing the correct reference of each term of words. Also, the researcher failed to include the operational definition of this words as used in the thesis or dissertation. Reference Shearer, C (1994). Practical Continuous Improvement for Professional Services, ASQC   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Quality Press, Milwaukee, Wisconsin, p. 163-165. How to cite PhD Dissertation Chapter 1, Essays