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For millions, the American Dream has become the “American Nightmare”. Many people have lost their jobs, their mortgages have become cancerous and they can no longer pay the loan on their overvalued homes.
The social impact of these foreclosures is reaching every “dark” nook and cranny in almost every city in the country. Homelessness, domestic abuse, crime, violence and instability are rising in many communities as hundreds of thousands of homes go on the foreclosure auction block.
This is all happening in a country where if a child eats a hamburger and gets sick, there is a nationwide recall of the tainted and toxic meat and the company that sold this beef is put out of business. This is from the same country where people are literally dying from these toxic mortgages and millions more are being kicked out of their homes and not one bank has been held accountable for selling such an INCREDIBLY DEFECTIVE AND TOXIC consumer product.
When is our government going to protect the people that are suffering on Main Street and not the very corporations that caused this suffering? (ie: Bear Stearns and Fannie Mae/Freddie Mac Bail Outs)
Tauton Gazette – Husband Reflects on Wife’s Death After Foreclosure: At some point he happened to catch sight of an orange sticker posted on the front of his modest, split-level house. It was, he would soon realize, a notice of foreclosure.
“Where’s my wife, what the hell’s going on?” he said he asked the small contingent of cops who had been waiting for more than an hour.
To which he said an officer replied: “I’m sorry sir, your wife is deceased.”
Read more of my stories on the social impact of foreclosures:
Suicides, Murders and Stand Offs With Swat. Welcome to the world of foreclosures.
Foreclosure Related Suicide and Murders on the Rise
The American dream was a death sentence for my husband and myself
