There was an interesting but sad article on the front page of USA Today that discusses the emotional toll that foreclosures are taking on homeowners. It reported that homeowners all over the country are frantic about losing their homes, and unfortunately many are becoming depressed, suicidal or are suffering other health conditions as a result of the stress. Crisis hot lines are being bombarded with calls from frantic homeowners with no where to turn. It's a tragedy when so many people are so deep in debt and feel the have no alternatives.
Nationwide foreclosure filings surged 65% in April compared with the same month last year, according to a report Wednesday by RealtyTrac. Some very scary statistics...
On a local level, Arizona foreclosure activity in April increased 26 percent from the previous month and 181 percent from April 2007.
Sixty-one percent of homeowners in the Western part of the nation reported housing costs as a very or somewhat significant source of stress.
One in seven homeowners nationwide worry that they won't be able to make their mortgage payments on time over the next six months and more than one-quarter fear their home will decline in value during the next two years.
Nationwide foreclosure filings surged 65% in April compared with the same month last year, according to a report Wednesday by RealtyTrac. Some very scary statistics...
On a local level, Arizona foreclosure activity in April increased 26 percent from the previous month and 181 percent from April 2007.
Sixty-one percent of homeowners in the Western part of the nation reported housing costs as a very or somewhat significant source of stress.
One in seven homeowners nationwide worry that they won't be able to make their mortgage payments on time over the next six months and more than one-quarter fear their home will decline in value during the next two years.
Unfortunately the stress that comes with foreclosure could also be resulting in increased divorce rates. The inability to make mortgage payments is creating a division between couples; one wants to blame the other for the problems at hand and they just can't overcome the obstacles.
Just leaves you a little speechless.....
2 comments:
Antidepressants are 9 out of 10 times misused or abused due to their tranquilizing property. This very tranquilizing trait of the antidepressants makes them vulnerable to misuse. The fact of the matter is that antidepressants are to be used as tranquilizers but only on prescription. On having them otherwise one not only runs the risk of suffering the side effects but also the prospect of dependence on the drug. Antidepressants like xanax are sold online nowadays for the convenience of the people; one should not try to meddle with them or try to get them by foul means.
The inability to make mortgage payments is creating a division between couples.....
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Julie
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