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Foreclosures are not just someone eles's problem anymore.
With recent news depicting foreclosures at all time highs, it's not just someone else’s problem anymore.
Over 2.4 million Americans are expected to lose their home to foreclosure in 2007. Many of them will not have the ability to change their fate, because they don't know how and or they don't have the financial resources.
For many of us we sympathize with them however it is their problem to deal with, right? Actually it is our problem too. In an article by Elizabeth Warren "The Impact of Foreclosures", she asks the question, "who cares if 1 in 5 sub-prime borrowers lose their home"? We'd like to ask a bigger question, "who cares if anyone loses their home so long as it's not me?" The answer Ms. Warren gave has many parts that are relevant to the bigger question that we pose. "The family cares because they lose everything they invested and many will end up with deficiency judgments that they can never pay off...their neighbors care because foreclosures depress everyone's home values...anyone with a job in the construction industry cares because foreclosure depress new housing construction...all of us who have jobs or businesses that depend on a robust consumer economy care because of the potential fallout from a housing market crash." We do not think it can be stated any better than this.
Whether it's your home or not, you do have something to lose when it comes to foreclosures and there is something we can all do to help. By sponsoring a family to get the help they very much need, you can help have a part in off setting the impact foreclosures have on our economy as a whole. For a small donation of $25, you can help a family get The Mortgage Survival Guide Program. This program is guaranteed to find the best possible resolution to a mortgage problem before it possibly ends in foreclosure. 5000Families.org is helping families across America who don't have the financial means to help themselves and they can know their best possible resolution in as few as 5 days.
