There has been an increase in the number of foreclosures in most parts of the world. This has been as a result of the inflation that has hit many countries. This has led to loss of jobs due to closure of companies. The people who fall victim to foreclosures are mainly the employees of companies that close down since they lose jobs and they can no longer pay their mortgage installments and interests in time.
Outgoing President George Bush may request Congress to release the second half of the $700 billion TARP fund which was approved in October 2008 to help solve the foreclosure crisis.
Print This Article
Add To Favorites