Foreclosure in America is a growing and significant problem recently and has destroyed the hopes and dreams of many Americans. More than 2.3 million homes were foreclosed in 2008, and about four million homes will be foreclosed by the end of this year. Despite the efforts of many banks and loan companies, more than half of the homes that received their assistance will be foreclosed. I believe we have only started in the right direction toward solving the foreclosure crisis. Giving money away and lowering mortgage rates will help, but I think we should first find out why Americans are in this situation. We are too stereotypical when we think that the only reason someone forecloses on their property is due to irresponsible payments or buying a home when a person is unable to pay for it. If we understand their situation, we will be better able to help them and resolve their crisis. There are three common reasons why foreclosure occurs, as described by Lucy Lander, a writer for the National Association of Foreclosure Prevention Professionals. The first is the loss of someone who helped pay the mortgage. This can happen either through divorce or death. In the event of a divorce, I think banks should give them a one year grace period to temporarily help the single woman or man until he can purchase a smaller, more affordable home. In the event of death, I think banks should provide the same temporary grace period as in the case of divorce, until the deceased spouse's wife or husband can decide whether they want to move to a more affordable home. smaller and more affordable, or that another family member can help pay the mortgage. I believe the banks should grant these temporary pardon plans because we would literally run out of American citizens... middle of paper ...... we have a role to play in solving the foreclosure crisis , and laziness should not be tolerated. I believe the foreclosure crisis will only continue and get worse until we understand the needs of the American public. Giving money is not entirely the solution. Each situation is unique and different from another. What works for one citizen may not be the solution for another. It's not just a financial situation but a social situation in my opinion. If he has a legitimate reason to panic about foreclosure, such as death, divorce, sudden illness, or recent job loss, then the U.S. government and banks should give him a helping hand. We cannot punish the unfortunate. We have only taken one step in the right direction. We need to start sprinting to the finish line, because if we follow these steps, the foreclosure crisis will disappear in a flash..