Illusive victimizations of a homeowner in mortgage foreclosure

Krisha Michele Coppedge (CTU Doctoral Management Program, Colorado Technical University, Colorado Springs, Colorado, USA)

Society and Business Review

ISSN: 1746-5680

Publication date: 21 June 2011



This conducive and concise phenomenon aims to review the illusive victimization homeowners face and to zero in on the underlying factors optimistically stimulating deceptive and oppressed sensations homeowners endure in America before, during, and after mortgage foreclosure. The purpose is to accurately discover the behaviors, which lead to the homeowner's decision making from real storytelling of those alleged victimized homeowners.


The homeowner, an autonomous contributor, who stands to reason has its own non‐prejudiced commentaries, and places the propositions in a binding framework, adapts this preparation.


Prior to the year of 2000, the real estate market was booming. It was at an all‐time high. The rich, the powerful, the influential, etc. were making top dollars off some innocent and some not so innocent homeowners. Suddenly, American homeowners everywhere found themselves drowning in mortgage foreclosure meltdown (debt) crisis. This crisis, believed to be a consequence of the Commodities Act of 2000, was under the watch of former President Bill Clinton. However, although, this Legislative Act appears to have been inconsiderate, unethical, and immoral for sure the homeowner had a choice in the decision for or against the loan as well. This review's contribution to the book of knowledge finds that from the mortgage foreclosure stories told by homeowners, they are also really held accountable for their responsibility, virtuality, answerability, decision making, and appreciative intelligence in this situation. This newfound knowledge seeks to find the cruciality in one looking before one leaps.

Practical implications

The paper intends to provide stratagems, which are insightful, and of unimaginative thinking to get into the hearts and minds of individuals by helping them to understand the reality of their behaviors. Homeowners should recognize the importance of self‐honesty towards education, credit ratings, and their happiness or unhappiness in terms of the best decision for themselves before signing on that dotted line.


The paper extricates strenuous research for researchers, educators, and those seeking to educate themselves about the potential difficulties of being a homeowner in a mortgage foreclosure situation. The value of this contribution provides the most pertinent information, which is accessible in a conducive, concise and stress‐free digestive format. The originality of this contribution is designed to influence the willingness many of the world's leading banks, bankers, lenders, mortgage brokers, mortgage companies, and most of all the homeowner to change their behavior and to stop the unethical practices relating to the continuing mortgage foreclosure crises today.



Michele Coppedge, K. (2011), "Illusive victimizations of a homeowner in mortgage foreclosure", Society and Business Review, Vol. 6 No. 2, pp. 149-156.

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