Blog Posts: Racheal V. Hammond

Racheal V. Hammond

Reflections on the foreclosure crisis, part one

Before I began working on the Foreclosure Project, my knowledge of the effects of the 2008 housing tragedies was, in hindsight, admittedly limited, peripheral, and perhaps even a bit unattached. It is decidedly difficult to piece together all of the bits of information from various sources about adjustable rate mortgages with payment caps, homeless statistics and ever fluctuating foreclosure rates, especially in passing as you prioritize and manage the more immediate aspects of your life.


Read More... (Reflections on the foreclosure crisis, part one)
Posted by Racheal V. Hammond on Sun. March 1, 2015 11:34 PM
Categories: Student Research

Reflections on the foreclosure crisis, part two

Bits of unconnected, un-contextualized, and impersonal statistics framed my understanding of the mortgage crisis as I began working on the Foreclosure Project with the mindset that I would be documenting tragic occurrences of a time passed. As I settled in, however, I came across a report titles Underwater America (Haas Institute).


Read More... (Reflections on the foreclosure crisis, part two)
Posted by Racheal V. Hammond on Sun. March 1, 2015 11:25 PM
Categories: Student Research

Reflections on the foreclosure crisis, part three

It is crucial to remember that these numbers are only a snapshot of a tragic foreclosure narrative. Notwithstanding these statistics, as upsetting as they may initially be, a still more dismal outlook on the impact of the Housing Crisis in Durham County is the effect foreclosures have had on local schools, family inheritances, and communities. Each foreclosure is likely of itself a personal tragedy. While some families are able to fully recover after foreclosure, others experience chronic homelessness.


Read More... (Reflections on the foreclosure crisis, part three)
Posted by Racheal V. Hammond on Sun. March 1, 2015 11:22 PM
Categories: Student Research

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