Assignment #5 Foreclosure

While many foreclosures are unpleasant and unwanted by the home owner, there is a case that sticks out as being completely unreasonable.

Hurricane Sandy ripped through the North East, leveling homes and altering lives. The entire country sympathized with the victims, and many gave aid and support to those affected by the storm. After a few months, however, some money driven banks have ended the sympathy period. In this example, a woman who's home was all but demolished by Sandy is now facing foreclosure. This woman has been struggling to pay for repairs for her home, since her insurance only covered a third of her damages. She has also lost her job, causing even further financial stress to her life. At the detriment of paying her mortgage, she has been focusing on repairs, causing her to miss payments. The mortgage lender originally gave Sandy victims a three month grace period to get their life back together, but now the lender wants its money. It must be an extremely difficult process on both ends of the deal.

As of now, the foreclosure process is in the non-judicial stage.

Here is the link: http://www.youtube.com/watch?v=CoX8Uj0iPVc