logic

Logic

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Logic

The author of the news article believes that home foreclosures keep rising for the past months . We are also aware that home foreclosures in the United States continue to increase at an alarming rate (Mullins 2009 ,

. 1 . Thus , the premise of the article is that , there is a rise in the rate of home foreclosures in the United States for the past six months . The problem has something to do with unemployment , plunging home values , end

of foreclosure moratoriums , inability of the government to solve the problem , mounting political pressure and foreclosure outlook (Mullins , 2009 ,

. 1 . Lack of employment opportunities for home loans borrowers resulted to increase in serious delinquencies in payments . In addition , there is also a serious decline in the prices or monetary value of homes . As conclusion , the government needs to launch a successful mortgage rescue program that could expedite housing recovery for the benefit of the people

We agree with the reasons presented by the author regarding increase of home foreclosures in the United States . Knowing the serious increase of unemployment rate by 9 .5 percent recently , many people who are home loan borrowers would find it hard to keep up with their mortgage payments . We could not expect them from paying their mortgage loan on time knowing that jobs are being shed by companies due to the economic downturn Aside from that , there is difficulty for home owners to refinance their mortgage because...