After the housing bubble broke, the United States started to go through severe economic crisis before Obama took office in 2007.
After people go through a foreclosure, the last thing on their minds is buying another foreclosure. However, it is possible if one makes the right decisions. There are cases, such as the Edwards’ in California, where people are able to buy another house after foreclosure.
There are at least seven hundred military families that have been affected by the recent housing crisis. Surprisingly enough, these military service men paid their mortgage payments on time. They are due to receive money from a settlement that is coming up.
Cook County is a struggling county in the state of Illinois. Many of its residents are struggling from foreclosure. However, there are ways for these people to get back on their feet through a new land bank and community services.