We recently learned about the foreclosure process in class. I took it upon myself to learn more about the subject. One of the first places I go to learn about something I do not know about is youtube.com. I realize that anyone can acquire posting privileges on the website and not all videos are based in fact, but youtube can be an excellent source when taking the source a video comes from into consideration.
I eventually stumbled upon a video that interested me in particularly after watching several videos about real foreclosure stories. The one I chose focused on deputies that worked for the state of California. One of the tasks they undertake on the job is evicting residents out of homes that they have foreclosed on. Each eviction in this video relates to a Judicial Foreclosure, as the court system has intervened. Because the video focused on several different foreclosures, it is hard to say what the cause of each one was. It is likely that the majority of the foreclosures in the video had to do with the market downturn. The video was filmed in California, one of the states hit hardest by the housing bubble's burst. Many people were able to get financing on overpriced houses that they could not afford.
This video interested me in particular because it focused on the human psychology that surrounds the foreclosure process. It is sad to say, but people resort to desperate measures when they are forcibly removed from their home. Sadly, violence is common in these situations. The video even references a tragic instance, where an evicted tenant took their own life.
Click here to watch the video
