Youngest Victims of Foreclosure In Your State..

By
Real Estate Agent with Real Living HER

children and foreclosure house

We all know the toll that the foreclosure crisis has played on the economy and the housing market.  There has even been much reported on foreclosures impact on pets, but what about the children?

In a recent report conducted and published by First Focus , it is estimated that 1.95 million children will be affected by foreclosure over the next two years.  The report reveals some startling revelations about the impact foreclosure has on the success of school aged children:

•1.       Each time a child moves to a new school it takes an average of 6 weeks for them to adjust.

•2.       Children who move 2 times in a year are half as likely as their peers to read proficiently.

•3.       Children of foreclosure have a higher chance of being held back a grade.

•4.       Excessive Mobility reduces the chances of graduation by 50%.

Also affecting the class room, this study finds that children, who are forced from their homes, are more likely to display behavior problems and aggressive behavior.  Children are just one more compelling reason to get a handle on the escalating problem of foreclosure.  The long term societal implications are staggering.

To see the full report of how foreclosures impact children in Ohio and other states CLICK HERE

For foreclosure options please give me a call at 614-273-6406 or email me at Vanessa.simmons@realliving.com.

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Isaac E. Chavez 03/03/2009 07:33 AM
Topic:
Mortgage / Finance
Location:
Ohio Franklin County Gahanna
Groups:
Realtors®
Real Living
Foreclosure Help and Prevention
Short Sales Pre Foreclosures Bankruptcy and More!
Pre-foreclosure Market
Tags:
central ohio
columbus
foreclosure
short sales
pickerington
reynoldsburg
gahanna
canal winchester
homes

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Rainer
336,160
Chip Jefferson
Gibbs Realty and Auction Company - Columbia, SC

This is sad that it boils down to our youth. They can be affected for there life by hardship and foreclosure. I like that you are trying to help.

Mar 02, 2009 09:27 PM #1
Rainmaker
43,289
Vanessa V. Simmons
Real Living HER - Columbus, OH
Realtor

It will be nice to turn the page on all of this loss...thanks for your comment

Mar 02, 2009 09:38 PM #2
Ambassador
1,987,624
Fernando Herboso - Broker for Maxus Realty Group
Maxus Realty Group - Broker 301-246-0001 - Gaithersburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

www.Strength.org a non profit organization helps feed hungry children. . they are very busy these days

Mar 02, 2009 09:40 PM #3
Rainmaker
43,289
Vanessa V. Simmons
Real Living HER - Columbus, OH
Realtor

Fernando, thanks for the link and I bet they are busy are they nationwide I have not heard of them..

Mar 02, 2009 09:41 PM #4
Ambassador
1,486,051
Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

It is very sad all the way around.

Mar 02, 2009 11:23 PM #5
Rainmaker
43,289
Vanessa V. Simmons
Real Living HER - Columbus, OH
Realtor

Jim thanks for the comment and you are correct it is sad all around.  The toughest deals are the ones that involve children.

Mar 02, 2009 11:49 PM #6
Rainmaker
655,882
Bob & Carolin Benjamin
Benjamin Realty LLC - Gold Canyon, AZ
East Phoenix Arizona Homes

Thanks for bringing this report to our attention -- we will make this resource available to people here in Arizona who are interested. Arizona is one of the hardest hit states.

Mar 03, 2009 03:48 AM #7
Rainmaker
43,289
Vanessa V. Simmons
Real Living HER - Columbus, OH
Realtor

Bob and Carolin, that is wonderful.. This is a problem we all must work at because if we do nothing we all will pay the consequences..

Mar 03, 2009 05:23 AM #8
Rainmaker
886,262
J. Philip Faranda
J. Philip Faranda (J. Philip R.E. LLC) Westchester County NY - Briarcliff Manor, NY
Broker-Owner

Incredibly sad. Here you have people that thought they were doing th right thing, each kid gets their own room, a yard, you know, and they trust that an option ARM or 2/28 is a good thing because they don't know a 2/28 from a 30 yr fixed.

And the kids suffer. Very thoughtful post, Vanessa.

Mar 03, 2009 07:47 AM #9
Rainmaker
43,289
Vanessa V. Simmons
Real Living HER - Columbus, OH
Realtor

Phil, I agree it is sad.  Even if parents acted irresponsibly the kids should not have to suffer but they are suffering in unbelievable numbers.

Mar 03, 2009 09:22 AM #10
Rainer
8,388
Jamie Boney
Mungo Homes - Columbia, SC

Thank you Vanessa!  I feel for so many in this situation.  I hope that we come up with a solution soon!

Mar 03, 2009 01:06 PM #11
Rainmaker
43,289
Vanessa V. Simmons
Real Living HER - Columbus, OH
Realtor

Jamie thanks for your comment.  The solution is jobs and finding ways to help people stay in their homes.  This foreclosure business is bad for everyone.

Mar 03, 2009 10:38 PM #12
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Rainmaker
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Vanessa V. Simmons

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