Foreclosures affect families, not just finances
Research from the Joint Center for Housing Studies at Harvard University — via Coloradoan.com — offers two more important reasons to stop foreclosures and to keep families in their homes.
In no particular order:
- Homeowners typically enjoy stronger family and neighborhood stability.
- Children perform better in school and are more likely to participate in civic activities.
While these points seem obvious, it’s not uncommon for them to be overlooked. That’s because “bad credit” and other financial problems often take center stage early on in the foreclosure process.
Without a doubt, foreclosures devastate more than just personal bank accounts and credit reports — they affect countless families and neighborhoods nationwide now and in the future.
Fortunately, foreclosure assistance and advice is usually only a few phone calls away. Don’t be afraid to reach out to local agencies or non-profit housing organizations in the area for help as soon as possible.
It’s often a simple solution to a much larger and profound problem.
Original post by Foreclosure.com
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