Monday, April 20, 2009

Foreclosures Should Be Avoided

Foreclosures are a thing that affects a family in an intense way. Yet, it also tends to affect most of the people around them. When someone realizes that someone well paid goes into foreclosure, and you are a well paid person as well, than it puts you in panic mode thinking that you might be next in line. And this is why the economy becomes bad because its kind of like a domino affect, one person does bad then others begin to hold back on spending and from their the idea of an economic crisis grows and everyone's spending cuts down. Affecting one company than the other, and the other. So yes i completely agree with you the state should increase their foreclosure notice period to 45 days because it will give the owners a longer period to try and earn up the money to pay for their homes and become more organized with their spending habits.

You can find this article here.

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