Politics is wafting in the air these days. News TV programs covers it non-stop. Maybe you are sick and tired about Herman Cain campaign that is constantly bombarded with sexual allegations. But amidst of it all, there is still a more serious issue that we must pay attention with: the looming Foreclosure crisis that is currently sweeping the country right now. Economists and foreclosure lawyers alike knew it that there is a higher stake involved in foreclosure than any election relation issues put together.

            As a US citizen, you are well aware that recent debates among candidates focuses more in economy they believe they can miraculously put things in order. I can attest you that no one even dares to talk about one serious problem that the country is facing right now: foreclosures. This is quite expected though, and to be brutally honest, only one candidate dared to do so; Mitt Romney. Claiming that he has a solid plan to curb the foreclosures and knows how to do deal with the massive surplus foreclosed properties that are currently running stagnant in market right now, sad to say, his plan fall short when it comes to actual strategy. California and New York are the two most affected US states of the current foreclosure crises and the states that need the service of foreclosure attorneys most.

                Based with the reports, Romney’s plan was based with the notion of letting the foreclosure run as it is uncontested. This in return opens opportunities of the current backlogs to be resolved easily and even clear foreclosure processes. In return this strategy will then send a sort of signal of troubled properties into a stagnant economy to continuously collapse the properties prices in a faster manner. Aside from Romney, fellow candidate Jon Huntsman, Utah’s former governor mentioned foreclosure on stage, but just like Romney he failed to mention the real solution of the serious problem wherein a large of American population are affected.

            Indeed the peril is great. The continuous plummet of property prices are only good for investors and homebuyers. But we all know that too much supply creates imbalance in the economy. Low property value will result to negative equity complicating the current foreclosure crisis.

          According to statistics, an estimated 43 million Americans had a mortgage loan between 2004 and 2008. Earlier this year 2.7 million had lost their homes due to foreclosure and an estimated 3.6 million are at risk of losing their homes. They need obviously the legal advice of a foreclosure lawyer and they need it right at this moment.