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Tuesday, July 31, 2012

West Sacramento Foreclosure Effect on Children

Today let’s talk about the chilling effect a West Sacramento Foreclosure has on Children
 

Recently Julia Isaacs of the Brookings Institute for the organization First Focus authored a report titled The Ongoing Impact of Foreclosures on Children. In the report, Ms. Isaacs quantified the number of children that have been impacted:

2.3 million children have already lost their homes to foreclosure

3 million additional children are at risk of losing their home

She also noted the four ways foreclosures may affect children negatively:

Families receiving West Sacramento foreclosure notices are much more likely to move than other families. Children who move frequently do less well in school.

Homeowners receiving a West Sacramento foreclosure notice are under a lot of financial and psychological stress. Parents under financial distress sometimes engage in harsher and less supportive parenting. This can lead to negative behaviors on the part of children, making it harder for them to interact well with peers and in school.

West Sacramento Foreclosures have a negative impact on physical as well as mental health, with studies finding higher rates of non-elective visits to emergency rooms and hospitals in ZIP codes with the highest foreclosure rates.

Children living in or near foreclosed homes may suffer the consequences of living in neighborhoods with more vacant houses, higher crime rates, lower social cohesion, and a lower tax base.

The Official Journal of the American Academy of Pediatrics just published a report on the impact of the housing crises on child abuse. Their conclusion:

“Multicenter hospital data show an increase in pediatric admissions for physical abuse and high-risk traumatic brain injuries (TBI) during a time of declining all-cause injury rate. Abuse and high-risk TBI admission rates increased in relationship to local mortgage delinquency and foreclosure trends.”

Now if you follow us enough you know that we recently reported on the number of adults under financial stress and the effects it has on their health. To now know what it is doing to children it becomes even more critical that we help as many homeowners as possible avoid foreclosureWest Sacramento Short Sale is just one of those ways. Call me today if you know someone who is late on their payments, owes more than their home is worth or is possibly facing foreclosure. We can help.

Is a West Sacramento Short Sale Right for Me?

To get a better idea of when your West Sacramento home will be worth what you owe, log in to www.shortsaleandloanmod.info for a free estimate or call me today for a free no obligation consultation or for the latest West Sacramento short sale information. Call me today and sleep better tonight; you’ll be glad you did

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