Servicing

Foreclosure metrics improve, but emotional toll of default lingers

From a rise in suicides and overall mental health declines, MSNMoney has more on the lingering emotional crisis stemming from a sharp rise in U.S. foreclosures:

While analysts puzzle over whether the nation’s real estate sector is on the rebound, many homeowners are still dealing with the emotional toll brought on by a foreclosure crisis. The New York Times reports that between 2007 and early 2012, about 4 million Americans were in foreclosure. And an AARP study released last year found the foreclosure rate for people over age 75 jumped eightfold between 2007 and 2011.

 

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