How Foreclosures Affect Children
Has anyone picked up today's article in DSNews about the impact of foreclosures on children? I must admit, until I read this I never gave this particular subject a lot of thought, despite the fact that foreclosure now apparently impacts some eight million children in the US.
The key points of the article include:
- Children suffer more than anyone from a foreclosure.
- There's a strong link between the rate of foreclosures and the rate of physical child abuse!
- Researchers apparently found a 3% increase in physical abuse, 5% increase in traumatic brain injury with each 1% increase in 90-day mortgage delinquencies.
- Foreclosure and financial stress leads to harsher/less supportive parenting.
- Financial stress further leads to postponement of medical care--further exacerbating the situation.
With so many children affected and so many foreclosures it seems we might have a bit of an epidemic on our hands that will haunt a young generation for years to come.
Want to stay on top of foreclosure and short sale home listings in the Charlotte metro area?
This update on distressed property sales in the Charlotte region is brought to you courtesy of Nina Hollander and Carolinas Realty Partners, RE/MAX Executive, your Charlotte metro area real estate consultants.
If you are considering selling or purchasing a home in the Charlotte metro area, I would love an opportunity to earn your business, exceed your expectations, and to prove to you that: