o Verizon LTE To Do Affordable Housing and Managing Risk Mana 11:14 AM 18% [ Det
ID: 1114552 • Letter: O
Question
o Verizon LTE To Do Affordable Housing and Managing Risk Mana 11:14 AM 18% [ Detail Submission Grade Affordable Housing and Managing Risk Due: Nov 15, 2017, 11:59 PM Respond to one of the following two questions and must also respond to two other students by 11:59 pm on the Calendar Due Date. Three posts total are expected for this discussion board and it is worth 15 points. The Housing Collapse. How have the recent foreclo-sure crisis and collapse in home values affected your thinking about buying a home someday? or Auto Insurance Claims. What experiences have you or a family member had with the automobile insurance claims process? What if anything might have been done differently or better? Courses Calendar To Do Notifications InboxExplanation / Answer
The Foreclosure crisis of 2017 hit almost 15 million people. In US, almost 75% of all US homebuyers use a mortgage. As per policy, if a borrower misses a series of mortgage payments for the house, the lender has the right to initiate foreclosure by taking back the possession of the home followed by the eviction of the homeowner. The rise in the foreclosures spiked up by the series of hurricane which hit US worsening the situation of the low to mid income group bread earners. The learning from the ever increasing number of foreclosure would be to think of buying a house with a stable job and bank balance. Buying a house or rather running behind the American dream of buying a home might create issues later when the economy doesn't perform well or something which might create a mortgage crisis. Hence, stability is very important in terms of a job to be ensured throughout about buying a house.
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