Feedback Essay Example | Topics and Well Written Essays - 250 words - 1

Feedback - Essay ExampleIn a speech provided by the duster House Web site (2009) titled Remarks by the president on the home mortgage crisis, hot seat Barak Obama highlighted how the mortgage phenomenon challenged the American dream and it frightened our nations financial system, the strength of our families and communities. President Obama (2009) utter that, its a crisis that strikes at the heart of the middle class the homes in which we invest our savings and build our lives, bid our families and plant roots in our communities. Millions of this countrys citizens ended up losing their jobs and are still at risk of losing their properties. The foreclosure crisis impacted the United States economy dramatically, and I strongly believe that one way to cherish ourselves from foreclosures is to control the risk of our financial activities, and as homebuyers we should be well aware of what type of loans we can afford.As homeowners it is essential to take responsibility and take proper actions when it comes down to correctly distributing the households budget. fit in to Petrovich (2008), usually one individual manages the books in the majority of our households, meaning taking charge for bills getting remunerative and supervising the finances. Moreover, Petrovich (2008) had written that the person in charge knows if the total income is enough to keep up with the expenses. It is slowly to review your expenses increases versus the earnings you are bringing home. Are you considering in your monthly balance sheet cost like utility bills or simply groceries? Determining and examining your spending behaviors is crucial to be successful at managing your finances, and have a lifestyle that meets your budget (Petrovich, 2008).But what do we know and why do we vex about foreclosures? According Frame (2010), foreclosure can be defined as a legal