The Cure For The Foreclosure Epidemic: An Introduction

In a previous post I blamed the foreclosure mess on the ice cream makers. But I have reconsidered.  Now I realize that this mosquito is the culprit. Since no one really wants to take responsibility, and it is now being described as an epidemic, I can only assume that the mosquito started it all.

Last week Becky Yerak, writing a front page article about the foreclosure problems in Chicago, titled her article with a chilling description:  

HOME LOSS EPIDEMIC SPREADING

Epidemic.

It’s spreading. It’s happening to more homeowners. More heartache. More pain. Spreading. Getting worse.

How could this happen?  A lot of finger pointing. Yet few people assuming responsibility. Many confusing and detailed reasons.

But an epidemic?  With all the questions, and all the excuses, and all the fear and turmoil, no one seems to have answers. 

The Tribune article has me thinking, and so I am going to write a series of posts about this epidemic that, I hope, will help illuminate some of the more unexplained and unexamined reasons. The series will use worst-case scenarios in which a perfect storm-like series of events has produced our situation. Most homeowners do not experience this situation, and this is something that I want to point out up front.

This is obviously an important topic. Please share your thoughts and responses.