Foreclosure Map Could Be Fodder for Presidential Debate

With a focus on the U.S. economy, tonight’s first presidential debate between President Barack Obama and Gov. Mitt Romney may prove to be the coming-out party the public has been waiting for on one of the most prevalent hot button issues that has been under-stressed by the candidates so far…foreclosures!

Utilizing data provided by RealtyTrac, WNYC radio in New York came out with an interactive historical heat map this week illustrating the tidal shifts nationwide in county level foreclosure rates between January 2007 and August 2012.

In an article published by The Daily Mail Tuesday, the author states that the map “makes uncomfortable reading for President Obama and his team who insist that Americans are better off than they were four years ago.”

If Gov. Romney or the evening’s moderator directs the conversation in that direction, we will be able to see if President Obama breaks out in a sweat when the topic is brought up. Chances are, with all the prep work that has gone into this debate, and the fact that his team has directed him to give short, concise answers, even if the subject does come up Obama will most likely have a prepared response and will try to move the conversation forward as quickly as possible.

Gov. Romney has already put his housing agenda for the next four years out there, although it lacks many specifics. Meanwhile, Obama’s alphabet soup of foreclosure prevention programs have underwhelmed, with even the president admitting these programs are an example of his “failings.”

Whether the issue is even brought up in the first place, and if it is, whether it becomes one of those defining moments that turns the debate towards one candidate or the other, will have to be seen later tonight.

In the meantime, here’s the map. Draw your own conclusions.Here’s some other stories of interest from the RealtyTrac newsroom:
Foreclosures Impact Presidential Election Swing States
GOP Slams Obama on Foreclosure Crisis
Face to Face With the Foreclosure Crisis

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