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 foreclosure. West 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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