The recent foreclose crisis occurred because of notary fraud and certain other illegal activities committed by the large banks/mortgage providers, but are the people of the United States overreacting to the problems? Foreclosures around the country have been suspended till it is clear who has the right to the mortgages. But, in the meantime the owners of the delinquent mortgages have been given a break and an extended stay in their house.
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However, this crisis has created groups with two different sets of opinions. One side believes that the banks deserve to lose the rights to the mortgages and the houses for the irresponsible/illegal activity. And, that the owners of the delinquent mortgages should be allow to stay in their houses for the time being because the large amount of foreclosures will further slow down economic activity. The other side believes that the owners of the houses should be foreclosed upon by the rightful owners, and that the people should not be allowed to live in a house that they did not pay for just because the banks engaged in illegal activities.
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