Here is the synopsis of our sample research paper on Foreclosure Statistics In The 1990's. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
10 pages in length. No one expects their property to be foreclosed upon when they initially decide to purchase a home; however, in spite of the best of intentions, foreclosure becomes a fast reality for those who might least expect it. Circumstances become such that the financial obligation is too much to bear, rendering the owner incapable of saving his home from foreclosure. During that past decade, the country has experienced vacillating statistical findings with regard to the frequency of foreclosure rates, depending greatly upon the location in question. While one area of the national economy might be thriving, therefore contributing to a lower incidence of foreclosures, another might be experiencing a longer than expected financial drought where people are losing their homes left and right. The writer discusses how national statistical findings substantiate the fact that overall, foreclosure rates are increasing. Bibliography lists 7 sources.
Page Count:
10 pages (~225 words per page)
File: LM1_TLCfore.doc
Buy This Term Paper »
Unformatted sample text from the term paper:
those who might least expect it. Circumstances become such that the financial obligation is too much to bear, rendering the owner incapable of saving his home from foreclosure.
During that past decade, the country has experienced vacillating statistical findings with regard to the frequency of foreclosure rates, depending greatly upon the location in question. While one area
of the national economy might be thriving, therefore contributing to a lower incidence of foreclosures, another might be experiencing a longer than expected financial drought where people are losing their
homes left and right. However, national statistical findings substantiate the fact that overall, foreclosure rates are increasing. I. IS THE INCREASE INEVITABLE? Given the fact that foreclosures have
"more than tripled since 1980" (Klein, 1998, p. PG), with somewhere in the neighborhood of a half a million occurring just in 1996, it is easy to see that even
though the economy might be in a better situation, people are still having great difficulty making ends meet. The vicious cycle that is linked to this higher rate of
foreclosures has a great deal to do with the deterioration of borrower credit and savings. A study by Mortgage Research Group Inc. in Jersey City, New Jersey, found that
traditional explanation as to why such events occur may not be the actual reasons. Instead of foreclosures being caused by higher loan-to-value lending programs, findings indicate that borrowers in
1993 had "the highest credit quality of the period and that credit quality deteriorated significantly in 1994 and 1995" (Anonymous, 1996, p. 63). Further findings demonstrated that over two
times as many mortgagors from 1994 and 1995 were freely utilizing over ninety percent of their credit card availability in 1996 as they were in previous years. Based upon
...