In today's economy, foreclosures seem to be a common occurrence. In its simplest form, foreclosure results when people, for whatever reason, cannot repay a mortgage they have taken out and the mortgagor decides to foreclose on the property that was mortgaged. This inability to pay may be due either to predictable causes, such as a mortgage rate that is higher than the person's ability to comfortably pay, or to unforeseen circumstances. But unfortunately, with the current recession and economic crisis, more and more foreclosures are due to unforeseen circumstances such as sudden illness, job loss or forced salary reductions to allow for the maintenance of a job. With unemployment rising and average wages falling, more and more families find themselves unable to pay their mortgages and thus lose their homes to mortgage banks. Since most of these foreclosed properties were not because of poor consumer decisions, but rather because of national economic trends, we need to find a way to reduce the number of properties on the verge of foreclosure. 'be seized. Real estate is such a profound current economic problem that finding a quick and easy solution will be difficult, if not impossible. However, there are steps that the government and banks can take to improve the current situation a little and avoid a crisis of this nature in the future. Since not all foreclosures are due to homeowners' negligence or beyond their means to purchase a property, creditors who were responsible and able to make some form of payment to the mortgages should have the opportunity to keep their house by paying. what they could. This is not middle of paper and a more fiscally feasible and responsible payment system can be put in place. As such, creating variable mortgage rates based on the stock market or other economic indicators will allow banks to receive their mortgages in a timely manner and will also allow consumers and homeowners to keep their properties even if they make facing economic difficulties. conditions, build community morale, and prevent chaos in difficult times. Economics is a highly integrated and multidisciplinary field that is difficult to understand even at the best of times, and lock-in is one of those tricky concepts where solutions seem impossible to find. But we must try to prevent the current foreclosure crisis and reduce the number of families facing foreclosure now, and also seek to find long-term solutions that ensure that another crisis like this does not happen again in the future. the future..