Essay on Solution to the Foreclosure Crisis - 2199 Words

How real is the mortgage foreclosure problem in America? How did it come about? What are some possible solutions? First of all, the problem is so big that almost everyone knows someone who lost their house because of a foreclosure, and this is new. It didn’t used to be that way. Listening to the stories of foreclosure evictions provides an eyewitness viewpoint of how it happened. This is important because it provides a background against which to decide solutions. The overhang of foreclosed homes for sale is pummeling home prices and laying waste to entire neighborhoods. In the process, consumer spending has suffered mightily and deepened the recession as Americans have seen the value of their most important assets, their homes, are†¦show more content†¦Ã¢â‚¬Å" In simple terms, a bank lends money to someone who wants to buy a house. In return, the house buyer signs a paper called mortgage which says they will pay the bank back and that if they don’t, they will forfeit their house to the bank. So who are the unwise home buyers, who, having signed that powerful piece of paper, miss enough payments that the bank actually does come in and throw them out and take back their home? I can answer that question two ways. First, statistics show it’s happening right where I live in Lima, Ohio, and Allen County. The LIma News, Dec 12, 209, gives these statistics. Foreclosure rates are now running 1.56% for October, which is just slig htly higher than one year ago (1.56%) but less than it was earlier this year. In actual numbers, there were 895 foreclosures, which contrasts with 800 in 2008, but in 2005 there were only 464. This is slightly better than the national numbers and it might not sound like a lot, but it is a nearly 200% increase since 2005. Thats why we need a proposing sweeping action. First and foremost, the government should make that same 4.5% mortgage rate, the lowest in decades, available to all American homeowners through refinancing. Banks and other lenders would write the loans and then sell them to Fannie Mae and Freddie Mac, the secondary-market giants that wereShow MoreRelatedSolution to the Foreclosure Crisis1326 Words   |  6 PagesI have what I believe to be a viable solution to the foreclosure crisis. I am almost certain that, if implemented, it would work. We need social services reform. I hesitate to say this, because it may come off as sounding too radical, but desperate times call for desperate measures. Simply put, if something fails, we must look at the overall picture and see what may be wrong—we need to troubleshoot the system. To me, and hopefully to most Americans with any interest in the future of our nation, itRead MoreA Practical Solution to the Foreclosure Crisis1122 Words   |  5 PagesIt is no secret the foreclosure crisis has played a significant role in the financial meltdown of the past year. The collapse of the housing marketing has brought thousands of families across the country to financial ruin, forcing many out on the streets. Although the common consensus is that something must be done to stabilize the foreclosure crisis, the agreement ends there. Proposed solutions to the foreclosure crisis have drawn controversy from all political affiliations and walks of life. ThisRead MoreA Solution To the Foreclosure Crisis Essay955 Words   |  4 PagesThe foreclosure crisis has reached new heights since the all-time high deficit in the economy. U.S. foreclosure rates went up more than 81% and 861,664 families lost their homes to foreclosure in 2008 (Les Christie). Also, 54 households received a foreclosure notice last year (Les Christie). So what is the solution? Bold action is needed to address this serious issue. I suggest a â€Å"real estate pause† for a temporary amount of time, similar to what Roosevelt did with the â€Å"bank holiday†Read MorePossible Solutions to the Foreclosure Crisis Essay1179 Words   |  5 PagesThe purpose of this writing is to analyze the foreclosure crisis and offer some solutions to keep people in their homes and satisfy the financial accounting records of the banking industry. With more lost jobs on the horizon and fluctuating adjustable mortgage rates, the foreclosure crisis continues to plague America. A recent report from the Mortgage Bankers Association reveals that 14% of loans are behind or in foreclosure. This is largely due to lost jobs in this volatile economy. Many factorsRead MoreProposed Solution to the Foreclosure Crisis Essay1250 Words   |  5 PagesToday’s America is in crisis; we are in a recession. The greatest factor driving this major recession is Foreclosure many Americans are forced to face every day. In simple terms, the foreclosure crisis was caused by greed in the banking industry and too much optimism of the American people. This resulted in a bubble of subprime mortgage lending, which eventually collapsed once leading mortgage firms in the banking industry such as Fannie Mae and Freddie Mac needed to be bailed out by the governmentRead MoreSolution to the Foreclosure Crisis: Lending Laws1518 Words   |  7 PagesThe current foreclosure crisis in America has directly impacted thousands of homeowners who have lost or are losing their homes. It has indirectly affected nearly every American, as it is the underpinning of our current economic recession. In order to resolve this crisis, we first need to understand how we got to this point. With that understanding, we can look for solutions, and then try to prevent this from happening again. In regards to a solution, I have come up with three steps that could beRead MoreProposed Solutions to the Foreclosure Crisis Essay1038 Words   |  5 PagesForeclosure is a growing national disaster in the United States. Every time you tune in to your local news, there is a new family whose house is being foreclosed. Every time you ride around the neighborhood, there is another house up for sale. There are several solutions to this increasing trend including cutting government spending and cutting funds towards unsuccessful government programs, devising financial plans to assist families by setting up payment plans that they can afford, getting communitiesRead MoreEssay on A Solution to the Foreclosure Crisis2422 Words   |  10 Pageslike to stop foreclosure on their homes, we need to address the root or the heart of the problem, not just a branch or limb. Solving foreclosure would be like putting a band-aid on a wound which needs surgery. The real problem resides in human behavior and governmental policy concerning the environment which we inhabit. So, with this information, I will address how to come about a real solution in terms of preventing foreclosure (and better than that, solving what causes foreclosure) (which is interrelatedRead MoreAn Integrated Solution to the Foreclosure Crisis Essay2100 Words   |  9 PagesForeclosure. Only recently has the term become a buzz word among the American public and various media. The crisis that has enveloped the United States has initiated widespread questioning of the very financial systems in which the American innovators have grown to prosper. Although the foreclosure crisis is often viewed as a product of greedy financial institutions, causation cannot be distilled to individual constituencies; further regulation on various components of the crisis can develop theRead MoreSolving The Foreclosure Crisis: Two Solutions Essay1444 Words   |  6 Pagesthe rapid increase in foreclosures across the country. The country’s immense housing crisis can be addressed by referring to not only the accumulating irresponsibility of the individual American loan borrower, but also the growth of greed at the corporate level which led to the financial market’s negligence. To stop the spread of this issue we should look at closer government watch of the market and specifically focus on consumer education. The Quagmire What is foreclosure? Well it is actually

Argumentative Essay On The Death Penalty - 989 Words

Capital punishment is commonly known as the Death Penalty. The Death Penalty is killing someone as a punishment for a crime through legal terms. In 2014, six hundred thirty-four people that are 18 years and older out of one thousand seventeen people were in favor of the death penalty (Gallup). We use this punishment to serve justice for the life of the victim that has been taken. I am in favor of the death penalty and it should be issued in all states for people who commit heinous crimes. The death penalty is constitutional in that it does not violate the Eighth Amendment and an eye for an eye should be deserved. The Supreme Court ruled that the death penalty is not a violation of the 8th Amendment. Criminals do not want to face the†¦show more content†¦Irwin Isenberg said, â€Å"when you kill a man with premeditation, you do something different than stealing from him.† You are taking away a person’s life and acts of premeditation must be punished by death. An assailant has the power of the judicial process who protects their constitutional rights when they have been incarcerated and charged. Does anyone stop and think about the victim? The officers, family, and friends may have compassion towards the assailant. The criminals lawyer helps them gain publicity and usually turns the criminal into a victim, making them plead not guilty in the eyes of the jury; knowing otherwise that they are guilty. Criminals must not get away with murder and their best punishment should be the death penalty. George W. Bush said, â€Å"†¦ capital punishment is a deterrent against futu re violence and will save other innocent lives.† Punishing murderers is the only way to discourage future people into committing murder to save lives. Justice should be served for the victims’ death in that the murderer should die too. This punishment is reserved for the most heinous murders; murderers who do not get the death penalty and are released from prison and will most likely kill again; these people deserve to be punished by death. It has been argued that the death penalty is inhumane and that it should be abolished because of it being cruel and unusual. Life in prison is punishment enough, some would say. Minors and people who suffer fromShow MoreRelatedArgumentative Essay On The Death Penalty967 Words   |  4 PagesCapital punishment or death penalty is a form of punishment mostly used for people that murder somebody. It is a very complex issue in today’s world. There are very strong opinions on both sides of the argument. Some believe that every state should have it, and others believe that none should. It is so controversial because both sides believe that they are right and because death is so permanent. If you make a mistake, once the death penalty is imposed, there is no taking it back. Here are some ofRead MoreArgumentative Essay On The Death Penalty1112 Words   |  5 PagesDeath Penalty First and foremost, the death penalty is defined as the punishment of execution, administered to someone who has committed a terrible crime (Capital Punishment 1). This is also known as capital punishment, which is known for disregarding the human rights. Although many countries continue to enforce the death penalty, some countries think it should not be practiced. According to the United States, the death penalty continues to be a charged and controversial political and legal issue(CapitalRead MoreArgumentative Essay On Death Penalty931 Words   |  4 PagesArgument Essay: Death Penalty The American Justice System has been using the death penalty, also known as capital punishment, as a way to serve a prisoners sentence usually due to the crime of murder. The death penalty in the American Justice System has been used for many years now. Although in 18 states the death penalty has already been abolished, there are still 32 states where it is still legal. The death penalty should not be legal in the American Justice System, because it is immoral, unjustRead MoreArgumentative Essay On The Death Penalty957 Words   |  4 PagesThe death Penalty is a very controversial topic to many. Some believe that the death penalty should not only be in place but there should be more executions every year. While others believe that the death penalty is going out of style and it is not serving its purpose of deterring crime as it did before. Although there are many claims supporting both sides still over half of Americans are for capital punishment in some way, but what causes someone to be sentenced to death? According to the articleRead MoreArgumentative Essay On Death Penalty1664 Words   |  7 PagesMaddison Higdon Mrs. Gallos English 3 21 November 2017 The Death Penalty From 1973 to mid 2017, the death penalty has been used over 1,400. This highly opinionated topic has been intensely debated among the countrys top scholars. Justice along with closure, is a large argument that most people bring up while debating this topic. â€Å"But the only reason Belinda Crites needs to support the death penalty is ‘what Eric Nance did to my cousin.’† (Santhanam). The argument of whether families of the victimRead MoreDeath Penalty Argumentative Essay1424 Words   |  6 PagesThe death penalty, or capital punishment, is the execution of an offender that is sentenced to death by a court of law for a criminal offense.   This type of punishment for inmates is involved in controversy over whether or not it is an acceptable form of punishment for criminals and also whether or not it is immoral.   There are many arguments for both sides of the debate, each making valid points and pointing out the flaws of the opposing position. Many religions are either for or against capitalRead MoreArgumentative Essay On Death Penalty1127 Words   |  5 PagesLittlefield English 111 23 July 2017 Death Penalty Every society has a set of laws that are used to maintain order within the society. Crime laws are enforced to reduce crimes. If the laws were broken, people would receive consequences that are equal to the magnitude of the crime. Although all sanctions should equal the crime, there is a controversial method: the death penalty. Death punishment is a cruel fate even for a criminal who had cause great harms. The death penalty has more negative impacts thanRead MoreWhat Makes A Successful Argument?927 Words   |  4 Pagesargument? An argumentative essay is similar to any other essay. The writing process may vary, but only slightly to meet the demands of an argument. When writing a convincing argumentative essay, one must first choose a topic and then think about that chosen topic, draft a thesis statement, understand the intended audience, gather evidence, refute opposing arguments, revise the thesis statement, establish credibility, draft the essay, revise the essay, and finally polish the essay. By implementingRead More Capital Punishment and Societys Views Essay849 Words   |  4 PagesMarshall According to the American Society of Criminology, each year there are about 250 people added to death row and 35 executed in the United States. The death penalty is the harshest form of punishment enforced in the United Sates today. Once a jury has been convicted of a criminal offense, they go to the second part of the trial, the punishment phase. If the jury recommends the death penalty and the judge agrees, then the criminal will face some form of execution; lethal injection is the mostRead MoreWhat Do You Think About The Juvenile Death Penalty? Many1622 Words   |  7 PagesWhat do you think about the juvenile death penalty? Many sides are against this kind of thing. They believe that juveniles are not fully matured and give in too easily to peer pressure. Juveniles are smart enough to know wrong from right even if they are getting pressured to do something. This essay is pro for death penalty for juveniles, because they can make their own decisions in their life. For starters t his paper is going to give some information from people who think there should never be

Introduction to Sociology Free Essays

05/12/2011 Oana Cristina Merca Introduction to Sociological Themes and Perspectives The word â€Å"sociology† has its roots from the Latin â€Å"socius† which means â€Å"companion† and the Greek â€Å"ology† which means â€Å"the study of†. So basically, Sociology is one of the social sciences which aim is to explain human behaviour. Unlike Psychology, Sociology is much more concerned about social group’s behaviour including whole societies and even international and global groups. We will write a custom essay sample on Introduction to Sociology or any similar topic only for you Order Now Of all the social sciences it is Sociology that most closely scrutinizes change and conflict in the wider society. The range of the discipline, and the importance of the arguments that are disputed within it, still make it the most exciting of the social sciences. However, it was not until the nineteenth century, as a consequence of industrial revolution, that we see a concern with society as a direct object of study. We could then determine, once and for all, what sort of social changes were possible. In its present form, Sociology embraces a range of different views concerning both what a social science should compromise, and what might be the proper subject-matter of Sociology in particular. The latter provides perhaps the best way of making sense of the discipline. This essay will explain, compare and contrast three of the main perspectives in Sociology: Functionalism, Marxism and Feminism. The founder of the Functionalism perspective was Emile Durkheim (1858-1917), whose theory was then further developed by Robert Merton (1910-2003). The Functionalist looks at society as a body where everything has a function. There are formal organizations as law, education, the family, the media, political system and informal social actions such as suicide, love, and crime. Altogether serve a function and have consequences on society. Crime is normal and found in every society. It shows us what is acceptable or not. Crime produces rituals as court processes and boundaries which show us who is in and who is out. Durkheim believed that a very high rate of crime or deviance shows that something had gone wrong with the society. Suicide is a social phenomenon which can be explained by things such as religion, economic situation, social structure, sexual orientation. Suicide is higher in protestant than catholic countries, more common among single people than married, more common in military than among civilians, rates of suicide drop in time of ar and they are higher in times of economic crisis. The anomie theory of Robert Merton (1957) is distinguished between cultural goals (material possessions, status symbols) and institutional means (opportunities to achieve these goals in a socially acceptable way). The situation where is too much emphasis on the cultural goals and not enough on the institutional means is known a s anomie. Talcott Parsons (1951) is talking about two basic functions of the family: the reproduction and the stabilisation of adult personality. How to cite Introduction to Sociology, Papers

Sustainable Cities and Regions Network †Free Samples to Students

Question: Discuss about the Sustainable Cities and Regions Network. Answer: Introduction The question relating to the crucial role of third party notice rights and review have been one of the contemporary issues forming the contemporary debates in the urban planning an policies over years. In most of the jurisdictions in Victoria demands for maximum public participations have influenced the planning process through a widening appeals made in the courts of law to allow third party appeals. Even though the third party notice rights and review is crucial many countries has not fully adopted the application of policy. The content of this paper also forms part of the debate trying to validate Third party notice and review rights serve a crucial role in preserving the fairness and inclusiveness of the Victorian planning system, and this outweighs the problems that they cause. Third party notice and review rights serve a crucial role in preserving the fairness and inclusiveness of the Victorian planning system, and this outweighs the problems that they cause. The above statement according my best understanding of the planning scheme is valid. This is because the development is not and should not only be the end product but must also be fair throughout the whole process. Third party notice and review rights are to best of my knowledge serve a crucial role in presenting the fairness and inclusiveness of the Victorian planning system compared to the problems which sometimes comes with the appeals confirmed (Local Government Association of South Australia 2014). The third party notice and rights review provides the members of the public with an opportunity to offer their ideas to development planning leading to citizen satisfaction. Moreover, the landowners in most of the occasions have a very crucial and legitimate interest on the whether any development should occur and the type of development that should be settled on by the government. This is because any new venture or development project has effects to the general neighborhood character , the available amenities, infrastructural and property values (Cook et.al 2012). The interest of the landowners in such situations are based on the non-pecuniary effects but in the most cases have proved to be important as pecuniary issues. The development process should be equitable and where the participants in the process have the rights to appeal, the third party notice and review rights should also be seen as important (Cook et.al 2012). The third party notice and review rights is important as it makes the community a key stakeholder in development planning and without the third party notice and review right the general community is eliminated as a stakeholder in the planning and development process. The benefits which comes with the third party notice and rights review results to a better planning decisions. Even though in most of the cases objectors do not completely win in overturning the decision of the Australian council in the favor of the development process, but more of the half of the issues raised by the objectors are successfully addressed adding weight to the development confirmed (Local Government Association of South Australia 2014). Third party appeals therefore do enable development proposals to be critically evaluated in more detailed form leading to refinement of the system of planning even though this comes at a cost. Further, the application of the third party notice and rights review afford the broader base input by increasing the debate and the capability for the local knowledge to inform the planning approvals which leads to improved development outcomes. The application of third party notice and review rights in Victorian development system discourages corruption within the system. When the government is left alone in making decision related to planning and development of Victoria, collusive behavior have been witnessed but this is pointless with the application of third party notice and review rights as it allows the citizen to make an appeal the council (Ellis 2006). In relation to the corruption the third party enhances transparency in the general process of development as it enables members of the community and property owners to check development decisions through and independent review bodies. This scares away corrupt individuals who in most of the time do shoddy development projects by making every key stakeholder in a development project accountable. This also improves the quality of projects done in Victoria. Another important aspect of the third party is its ability to improve consultations during planning and execution of various development projects in Victoria. The third party notice and review rights encourage parties responsible for a given development project to deal with the members of the local community in a more engaging manner (Ellis 2006). This improved engagement puts pressure on the developers to concede and improve the architectural or the design elements of the project where appropriate and reasonably applicable. Even though third party notice and review rights have several advantages which outweighs its effects to the planning system in Victoria. The application of the third party and review rights have also some disadvantages which should also be looked into prior to the application. The application of the third party appeals in the development process is quite challenging and many arguments have been raised against its use (Cook et.al 2012). The use of appeal right in planning legislations are several but the benefits of the third party notice and review rights outweigh them. The consideration of third party notice and review rights in the planning legislations adds a significant delays in the Victorian planning system. The delay comes as the members of the public have to be consulted prior to the commencement of any new development project and objectors makes appeals which also takes time to be heard by the jurisdiction and making of judgment. The third party appeals also adds cost of a n ew project in Victoria as review parties have to be assigned and the evaluation of project planning also needs money to be properly done (Ellis 2006). Moreover, third party notice and review rights creates a meddlers charters as well as open floodgate to non-interested parties. The application of the third party notice cab also be a deterrent to economic development through investments in Victorian local economy. This is because the third party notice and review rights allow the local community to make decisions in relation to new projects which may also be crucial to the economy (Hurl et.al 2011). The whole process and jurisdictions may scare away foreign investors who may be interested in venturing into business in Victoria. Another argument against third party notice and review is that it provides an opportunity for a well-heeled vocal minority and reduces the representatives power and this allows the local community to dominate. A part from the above disadvantages, consideration of third party in the system planning exacerbate issues which in most of time are related social exclusion as well as massive social disadvantages. It also reinforces and adversarial approach to development projects and lastly weakens the representative nature of the local decision making and democracy. In addition to the problems which comes with the consideration of third party notice and review rights, the time of considering the appeals on development proposals may sometimes be unnecessary since the community members is believed to have had an opportunity to add their concerns as input to the project (Hurley, Cook and Taylor 2013). To some individuals the third party is waste of time and a delay to development to development projects as it is clear that members of local community had their time to determine the appropriate forms of developments within their local areas during the consultations while coming up with town planning scheme or town development planning. In my view most the above disadvantages may not all be true, it is clear that the third party notice and review rights have some challenges but most of them may be omitted. In relation to cost as problem of the third party appeals, it is true that third party will a cost of the project. It is also valid that third party will course delays in the commencement of a new development project in situations where the development approval has been confirmed (Local Government Association of South Australia 2014). However, with valid evidence the consideration of third party notice and review rights do not open any floodgates, the third party notice and review rights also have no effect on the project and cannot deter projects which comply to the planning scheme as well as with limited effect to the environment and the neighbors. Conclusion As much as such disadvantages have been brought into light by various scholar and experts, the application of the third party notice and review rights in inclusive system of planning in Victoria is still crucial. The benefits as discussed above absolutely outweighs the disadvantages of the third party notice and review rights. Development projects and developers should only consider the outcome of any new project but should also consider the effect of the same project to the local people in Victoria. The most important part of the third party notice and review is its ability to positively influence system of planning thereby leading to perfectly evaluated and perfect development projects which satisfies the local community. In conclusion the statement Third party notice and review rights serve a crucial role in preserving the fairness and inclusiveness of the Victorian planning system, and this outweighs the problems that they cause is valid based on the above justification in the co ntent. References Cook, N. Taylor, E. Hurley, J. and Colic-Peisker, V. 2012, 'Resident third party objections and appeals against planning applications: implications for higher density and social housing - AHURI Final Report No. 197', in AHURI Final Report Series, Australian Housing and Urban Research Institute, Melbourne, Australia, vol. 197, pp. 1 -98, ISSN: 1834-7223. Ellis, Geraint 2006. Third party appeals: Pragmatism and principle. Planning Theory and Practice 7.3: pp. 330-339. Hurley, J. Taylor, E. Cook, N. and Colic-Peisker, V. 2011 , In the fast lane: Bypassing third party objections and appeals in third party planning process, in State of Australian Cities National Conference 2011, Australian Sustainable Cities and Regions Network (ASCRN), Melbourne, Australia, pp. 1 -10. Hurley, J, Cook, N and Taylor, E 2013, 'Examining three planning pathways in the mediation of resident opposition to compact city', in Nicole Gurran and Bill Randolph (ed.) Proceedings of the State of Australian Cities National Conference 2013, Sydney, Australia, 26 - 29 November 2013, pp. 1 -12. Local Government Association of South Australia, 2014, Planning and Appeals Review Planning Reform Issues Paper