It seems that many places in the world are falling on hard times. From this article
You can see that people in India are also experiencing difficult times. Many it seems might have some fears about being able to hold onto their home. I thought that was kind of surprising to see since this seems to be an up and coming economy. They seem to be moving along almost as well as China.
Anyway, it seems that they have well developed processes that help the homeowner hold on to their house as much as possible. They seem to go through similar ways of allowing a bank to take over a security such as a house.
It's too bad that this sometimes happens not only in the United States but also here as talked about in India. I also have read various news of people in the United Kingdom having similar problems to those in the United States. They have also got in to problems using credit cards and problematic loans that helped get them into harder financial Times. I believe that England and the United Kingdom probably is seen dire circumstances much like those seen in the United States.
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