foreclosure nation mortgaging the american dream

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Foreclosure Nation

Author : Shari B. Olefson
ISBN : 9781591028673
Genre : Business & Economics
File Size : 23. 38 MB
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The family residence is the backbone of the American economy, the most valuable and enduring asset for those who have achieved a financial foothold. Yet today record numbers of households confront foreclosure. In the next year it is estimated that over two million Americans will lose their homes and almost two billion dollars of wealth will disappear in the process. How did the traditional "American Dream" morph into a nightmare for so many? Real estate attorney and educator Shari B. Olefson, a recognized expert in the current mortgage crisis and its effects on homeowners, explains how America slipped to the edge of this dangerous stagnation-recession precipice. In plain language that is easily understandable to the average person, she clarifies legal and financial terminology and describes how our country’s mortgage system really works. Utilizing real-life lender and borrower interviews, she exposes its intrinsic flaws and often discriminatory practices, from the mortgage application process to the securitization of bundled mortgages by large investment firms. She also provides evidence to show the government’s and Wall Street’s roles in both causing and solving the problem. Above all, Olefson offers expert tips, tools, and resources to help you: • Choose a mortgage professional and understand what’s motivating him or her • Decide what mortgage product fits best and when to refinance • Get the best fees, interest rate, and service • Create your own solutions for navigating the credit crunch • Know what to do when you can’t afford your mortgage • Protect your home if you are at risk of foreclosure • Understand how to proceed if you are already in foreclosure • Capitalize on emerging opportunities and avoid the scams and mortgage fraud • Prepare for coming changes Foreclosure Nation demystifies the real estate bubble and the subprime mortgage crises that followed. With bold, clear visuals like inventory, absorption, and price trend graphs, Olefson pinpoints exactly when and why experts are predicting a recovery. She also cites statistics that strongly suggest the number of foreclosures will surge in the fall of 2008 and again in 2009, with increased reverberations felt throughout the US and global economies. Foreclosure Nation will prove indispensable to explaining what is happening and guiding readers through. Whether you are planning on buying your first home, struggling to meet your current mortgage payments, facing foreclosure, or wondering how your investments will be affected, this comprehensive book will assuage the fear of the unknown, empowering you to make wise choices and protect your most valuable assets.

A Dream Foreclosed

Author : Laura Gottesdiener
ISBN : 9781884519215
Genre : Business & Economics
File Size : 26. 80 MB
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"Real-life stories of how banks are ravaging the country--particularly African American communities--and how some families have joined together to fight back. The ongoing economic crisis has created one of the longest and largest mass displacements in U.S. history. While profiting from government bailouts, banks have evicted more than ten million Americans from their homes, destroying their life savings, their economic security and their dreams. Told through the eyes of four families, A Dream Foreclosed reveals the ongoing human tragedy of the crisis--and the spectacular possibilities that emerge when everyday people challenge the all-powerful corporations that the U.S. government considers 'too big to indict.'"--Cover p. [4].

American Nightmare

Author : Richard Lord
ISBN : 1567513042
Genre : Business & Economics
File Size : 79. 59 MB
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Wall Street is hungry for your house--and wants Washington to serve it on a platter.

Foreclosure Prevention Counseling

Author : Elizabeth Renuart
ISBN : 160248046X
Genre : Business & Economics
File Size : 42. 79 MB
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Foreclosed Rehousing The American Dream

Author :
ISBN : 9780870708589
Genre :
File Size : 51. 10 MB
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Segregation

Author : James H. Carr
ISBN : 9780415965347
Genre : Business & Economics
File Size : 33. 88 MB
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Segregation: The Rising Costs for America documents how discriminatory practices in the housing markets through most of the past century, and that continue today, have produced extreme levels of residential segregation that result in significant disparities in access to good jobs, quality education, homeownership attainment and asset accumulation between minority and non-minority households. The book also demonstrates how problems facing minority communities are increasingly important to the nation's long-term economic vitality and global competitiveness as a whole. Solutions to the challenges facing the nation in creating a more equitable society are not beyond our ability to design or implement, and it is in the interest of all Americans to support programs aimed at creating a more just society. The book is uniquely valuable to students in the social sciences and public policy, as well as to policy makers, and city planners.

The Great American Foreclosure Story

Author : Paul Kiel
ISBN : 9781453254417
Genre : Business & Economics
File Size : 63. 12 MB
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ProPublica’s mesmerizing and groundbreaking look at the national housing crisis, told through the lens of one woman whose story came to exemplify it Sheila Ramos’s story mirrors the lives of millions of Americans who have lost their homes since the beginning of the housing crisis in 2007. The Great American Foreclosure Story details with clarity and empathy the road that led Ramos and so many like her toward financial ruin. Once the owner of a small business and a home, Ramos fell on hard times. Predatory lending and denied loan-modification applications eventually sent her and her three grandchildren packing, leaving behind their house in Florida and winding up in a tent outside of Ramos’s faraway hometown. Alongside Ramos’s story are additional investigations by ProPublica reporter Paul Kiel and his colleagues Olga Pierce and Cora Currier documenting the systematic failures at banks, mortgage servicers, and government watchdogs that have exacerbated the country’s most severe foreclosure crisis since the Great Depression. Drawing from whistleblower testimonies, extensive homeowner databases, and a trove of underlying data, The Great American Foreclosure Story is a comprehensive and unrivaled look at the housing crisis, and its continuing human toll.

Foreclosed Rehousing The American Dream

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ISBN : 9780870708589
Genre :
File Size : 22. 97 MB
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Chain Of Title

Author : David Dayen
ISBN : 9781620974186
Genre : Business & Economics
File Size : 28. 81 MB
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NOW IN PAPERBACK The "gripping" (New York Times) and "Hitchcockian"(Publishers Weekly) story of how a nurse, a car dealership worker, and a forensic expert took on the nation’s largest banks A Kirkus Reviews and The Week best book of the year, David Dayen’s Chain of Title is a riveting work that recalls A Civil Action, Erin Brockovich, and Flash Boys, recounting how three ordinary Floridians—a car dealership worker, a cancer nurse, and an insurance fraud specialist—helped uncover the largest consumer crime in American history, challenged the most powerful institutions in America, and—for a brief moment—brought the corrupt financial industry to its knees. Lisa Epstein, Michael Redman, and Lynn Szymoniak did not work in government or law enforcement. They had no history of anticorporate activism. Instead they were all foreclosure victims, and while struggling with their shame and isolation they committed a revolutionary act: closely reading their mortgage documents, discovering the deceit behind them, and building a movement to expose it. Harnessing the power of the Internet, they revealed how the financial crisis and subsequent recession were fundamentally based upon a series of frauds that kicked millions out of their homes because of false evidence by mortgage companies that had no legal right to foreclose. As Rolling Stone's Matt Taibbi noted: "Chain of Title is a sweeping work of investigative journalism that traces the arc of a criminally underreported story in America, the collapse of the rule of law in the home mortgage industry."

Exiles In Eden

Author : Paul Reyes
ISBN : 9781429930765
Genre : Social Science
File Size : 62. 10 MB
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An on-the-ground, intimate tour of the human toll of the nation's foreclosure crisis While working with his father's small company that "trashes out"— enters and empties—foreclosed homes in Florida, Paul Reyes wrote Exiles in Eden, a hard-hitting, personal, and poetic portrayal of his own family and the people and communities affected by the foreclosure crisis. Grounded in Florida and Reyes family history, and with character-driven visits to the dark corners of this crisis—including with those who are calling for revolution—Reyes explores the human element of this frightening rattling of the American Dream. From examining the unique "ecosystems" of each failed mortgage to witnessing parts of abandoned Florida returning to its wild natural state, Reyes takes the reader far from the machinations of Wall Street to the sun-baked side streets where the true costs of this crisis can be seen. The result is an extraordinary book about the allure and dream of home—and a portrait of an America where the exiled insist on the right to their own America dreams, even as the terms are forcibly redrawn.

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