Foreclosure

In a time of financial crisis, more specifically post foreclosure crisis, struggling individuals who are either unemployed, have low income, or are in the process of recovering from bad credit, are pondering about ways they can leave their current checkered state and attempt to re-enter the world of home ownership. In addition to getting hit by the foreclosure crisis, according to Les Christie from CNNMoney, some ex-homeowners who were in the process of rebuilding their credit score got hit…

They didn't lose their health. They didn't lose their marriage. Those are the three factors that cause foreclosure. They left their home because the values went below the mortgage. That's what caused the problem,’ Mozilo said…” (John Carney) This quote from former Countrywide CEO, Angelo Mozilo, shows either how out of touch he was with the reality of what he…

I did not fall down a rabbit hole. A tornado did not come and whisk me away to faraway lands. Any wardrobes I found were perfectly ordinary with no hidden entrance to a snowy realm. None of my jewelry or possessions were remarkable aside from some sentimental value. Nothing I owned or anyone I encountered made me stand out; however, something found me anyway. It all started with an unusual dream. A sky of pulsating green is the first thing that I notice. It is strangely beautiful, but…

According to Jame Marcia, there are four different stages of identity that a person can align themselves with given a certain aspect of their life. The stages are diffusion, foreclosure, moratorium, and achievement. Diffusion is the state of having no clear idea of one’s identity and making no attempt to find it. foreclosure is the state of blindly accepting one’s identity and values that were given in childhood by family and significant others. Moratorium is when the adolescent has a vague or…

Foreclosure “victims”? People can be victims of fires and floods. I think it is a stretch to call someone a victim of a foreclosure. When people face a crisis, they usually want to be warriors as opposed to victims. They are better served by empowerment as opposed to pity. Boomerang seems like a fun nickname though. I would stick with Boomerang Buyers. It has that double B as well as the root word BOOM. All foreclosures are not the same. Some deals were so bad that nothing would have…

“To share your weakness is to make yourself vulnerable; to make yourself vulnerable is to show your strength.” This quote by Criss Jami, in my opinion, is what self-disclosure is all about. For me, the word “strength” from this quote represents the quality of the connection that you share with another person, which can ultimately lead you to either allow or prevent personal disclosure with that other person. For the four individual analysis’s, I focused on that strength and based on that I could…

In order to explore justice or fairness in this case it is helpful to imagine the therapist had one more session and was able to disclose her sexuality to the client. It is apparent from the case that she believed doing so was in the best interest of the patient. Doing so would have created interesting implications for future disclosures or nondisclosures. Choosing to disclose her sexuality to some clients and not others could be rationalized as clinically appropriate differential treatment,…

Sarah had owned a local yoga studio in the town, but had to sell the studio, because of the recession. Money has been a constant struggle in their marriage. Richard’s salary has not been sufficient to cover the family’s bills. Their home is now in foreclosure. Sarah had to rent an apartment in town with her two children, and Richard, until decisions are made in regards to their marriage.…

family belonged to a country club, we went out to eat, we had beach houses. Then suddenly, that was all gone. My parents got a messy divorce, requiring many hours with attorneys. The expenses started to add up. One beach house was sold, the other a foreclosure. My mother, two siblings, and dog moved from our house with a large backyard to a cramped two-bedroom condo in another town. These were difficult times, but we knew things would get better. My mother got a full time job and we moved into a…

housing bubble now losing steam, the burst of the bubble (or mortgage meltdown) with its remnants was experienced by many Americans whether on a personal or a national level. The burst of the housing bubble saw many home owners lose their homes to foreclosure; short-sales and even bankruptcy as the value of their once precious homes now sunk under water. For the next few years after the “pop” of the housing market, the pieces of American families’ financial remnants were slowly recovered and…