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| Breaking Foreclosure News This is the latest in breaking foreclosure news hitting the internet and I think you should read it. Some of the news is helpful and some is quite disturbing. You'll find good news and bad news. But all of it's reality and we all need to face it! Please feel free to post any stories and news in this section in regards to your local market. |
This is a discussion on Foreclosures Subprime Mental Health within the Breaking Foreclosure News forums, part of the Homeowner Party - Homeowners Unite to Fight Back category; They ought to start doing mental health screens on the folks who (successfully) walked, short sold or successfully clobbered their ...
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| Senior Member Join Date: Mar 2008
Posts: 640
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | They ought to start doing mental health screens on the folks who (successfully) walked, short sold or successfully clobbered their lender in some way and are back to living their real lives again. FORECLOSURES MAKE FOR SUBPRIME MENTAL HEALTH -- Renae Merle WASHINGTON POST Tuesday, August 25, 2009 It's official: The economy is bad for your health. Researchers at the University of Pennsylvania School of Medicine questioned 250 homeowners going through foreclosure in Philadelphia and found that 47 percent showed symptoms of depression, with 37 percent exhibiting signs of major depression. The rate was especially high considering previous research showed that only about 12.8 percent of people living in poverty were depressed, the study found. "Although the health status of homeowners has traditionally tended to be better than that of renters, the financial and emotional stress of foreclosure may undermine the potential benefits of homeownership," said the study, which will appear in the October edition of the American Journal of Public Health. The researchers found deep attachment to homes. "There is a sense of hope when people buy their homes," said Craig Evan Pollack, an internist who recently completed a fellowship at Penn's medical school and is now an associate scientist at Rand Corp. "The difference between those dreams and hopes and [the] reality that people are finding themselves in may be part of the stress that people are feeling, and a sense of sadness as well." Borrowers facing foreclosure were more likely to forgo filling prescriptions, and nearly 60 percent reported that they had skipped or delayed meals, according to the study. "We've barely begun to think about the health consequences of the foreclosure crisis," Pollack said. And it's likely to get worse. Nearly 2 million homeowners are expected to lose their homes to foreclosure this year, according to some economists. "It's surprising to me that the rates of depression aren't even higher," said John Taylor, president of the National Community Reinvestment Coalition, a nonprofit group. "All aspects of their life are just disrupted. They lose their center." |
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| | #3 (permalink) |
| Senior Member Join Date: Dec 2008 Location: Paso Robles, California
Posts: 1,363
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: Foreclosures Subprime Mental Health As usual IG you post the most awesome articles. Thank you |
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| | #4 (permalink) | |
| Senior Member Join Date: Mar 2008
Posts: 640
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: Foreclosures Subprime Mental Health Quote:
You're one of my fav peeps here, so glad you liked. | |
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| | #6 (permalink) |
| Senior Member Join Date: Feb 2009
Posts: 1,300
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: Foreclosures Subprime Mental Health FYI: Shares of FANNIE MAE and FREDDIE MAC SOAR, Puzzling Analysts On Monday, shares of Government controlled mortgage lenders Fannie MAE (41.7% increase) and Freddie MAC (18.5%) soared attracting attention of investors and stock traders. Shares of other financial companies have also increased dramatically in the recent weeks. There was no news involving either company that could have explained the increases. If you google this, you will find full articles about this in all the major newspapers. Do you think they know something the general public doesnt know? Should we all be buying stock in these lenders instead of trying to make our trial mod payments to them? |
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