During the Depression, foreclosure rates skyrocketed. What was the main cause?

A. People went into foreclosure when they left their homes to find jobs in other cities.
B. When banks folded, they canceled their mortgages and homes went into foreclosure.
C. The interest rates on home loans ballooned, and families could no longer afford payments.
D. Families without employment had little in savings to pay their mortgage.

Question

During the Depression, foreclosure rates skyrocketed. What was the main cause?

A. People went into foreclosure when they left their homes to find jobs in other cities.
B. When banks folded, they canceled their mortgages and homes went into foreclosure.
C. The interest rates on home loans ballooned, and families could no longer afford payments.
D. Families without employment had little in savings to pay their mortgage.

Asher102 · Answer

B is the answer . bc the banks did shut down

Anonymous · Answer

During the Great Depression, the main cause of rising foreclosure rates was that families lost their jobs and had little savings to pay their mortgages. This situation forced many into default on loans, leading banks to foreclose on homes. Therefore, the correct option is D: Families without employment had little in savings to pay their mortgage. 
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Answer (2)

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