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Lists of Foreclosures Expected to Affect Midterm U.S. Elections

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By : John Cutts    99 or more times read
Results in the coming midterm elections in the U.S. will depend on a number of factors, not least of which is the issue of lists of foreclosures. According to political and economic analysts, foreclosures will affect the 2010 elections even more so than in 2008 since the number of foreclosed properties is higher now than it was two years ago.

With most areas of the country suffering from huge supplies of bank foreclosures, including Wells Fargo foreclosure homes for sale, most government officials and advocacy groups believe that homeowners, and even renters, will make their election decisions based on how bad they were affected by the housing market crisis.

Some analysts even stated that voters can even pass off voting. The housing market problem is worse now than it was a couple of years ago, with foreclosed and repossessed properties expected to reach over three million in total by the end of the year. This will make 2010 foreclosure numbers 30% higher than in 2008 if the projected total is reached.

Under the U.S. election law, voters are required to register in the area where they live, which means that where a person will vote is decided by his home address. This poses a problem for candidates in cities and counties with long lists of foreclosures, particularly incumbent candidates.

However, proceedings governing foreclosures can make deciding a voter's address confusing. This is because some people still live in a home that is already a foreclosure property at auctions, while others relocate but still maintain a redemption right on their properties. Still others are living in temporary dwellings or are relocating from place to place.

Political analysts are citing the 2008 elections as a case in point of how big a role foreclosure can play in the political arena, with swing states having some of the highest rates of foreclosures two years ago. Some analysts have speculated that people who have lost their homes to foreclosures are the most likely to change allegiance.

They also recounted the incident when Barack Obama's group filed a lawsuit against the Michigan Republican Party to prevent them from using lists of foreclosures to challenge and single out voters. However, no similar development seems to be happening in this year's election.
John Cutts has been educated in the finer points of the foreclosure market over 5 years.

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