There are some of the older generation who still remember the Great Depression. That era in history saw the loss of many people's long held homes. It was a depressing time indeed. Those in the political arena see the similarities of today's housing markets and mortgage lender's reactions to the crisis. There has been significant intervention in the form of government laws making it more difficult for banks and other institutions to foreclose on delinquent property. The economy has forced the government to take proactive actions to prevent mortgage holders from quickly selling off property in a panic to keep their money intact.

There has been a lot of debate on whether certain mortgage lenders should be allowed to buy these types of homeowner's loans. Some have had significant help from taxpayer dollars with getting out of a huge financial jam. The lenders take a significant loss when they sell off properties in this manner. This type of action causes a panic reaction that dramatically affects the economy. The government plans have been working to keep people in their own homes even though they cannot afford to meet all of their mortgage obligations.

Some economists feel that the banks and other home lenders need more of an incentive to break the negative cycle completely. Historically, financial institutions are only interested in keeping their profit margins high. It seems time that all parties work together to find an economically stable future. The current laws and homeowner's programs are only in effect until 2014. Many homeowners wonder whether lenders will hurry and sell my house, leaving the owner homeless. This still gives people time to try to find ways to counteract the predicted bottoming out of the housing market after 2014 rolls around. The time is now for people to take action.

Sell my house or not is a question that lots of homeowners are asking themselves. The mortgage companies may intend to do just that if there is not a strong move to give them incentives to help homeowners stay in their homes. These companies will likely fall into their old habit of selling off their assets quickly to weather the expected financial hardships to come. This action could affect many homeowners before the real estate market stabilizes. It is clear that more people need to open their eyes to see the upcoming crisis. It is not too late to begin efforts to ensure that mortgage holders see the long term benefits of working together towards a common economic goal.