Living the american dream is becoming harder and harder in today’s society. Recession is everywhere and everything that we could have once called our own is being stripped away from us by the process of foreclosure. Obtaining a mortgage used to be easy; as long as you had steady income and generally good credit anyone could have gotten a loan.
Loans were easy to get your hands on and spending became out of control for America as a whole. Credit cards were being used; mortgages were being taken out as well as other small and large loans. Now with no jobs there is no money to pay off any of those loans that you may still be paying off the loans that you took out years ago.