Foreclosing on Mental Health

Social Service Hotlines report a major surge in phonesources of stress.
calls from emotionally distraught homeowners. TheHistorical research shows that during economic
prevalent issue appears to stem from the housingturmoil, the rates of suicide and depression rise.
crisis.Financial stress can often be the last straw, triggering
Psychologists state that the real estate meltdown ispre-existing mental health conditions to surface.
creating a wide range of emotional behavior.Suicide can seem like the only option available when it
Mental Health Groups, such as the Americanfeels as if there is no future in sight.
Psychological Association, say that problems such asImagine how helpless you'd feel if the home that you
domestic violence, marital disharmony, depression,had been working so hard for over the many, long
alcoholism, gambling, and even suicide, are increasingyears was all of a sudden taken from you. You'd feel
as the pace of foreclosures escalates.anger, resentment, frustration, embarrassment, and
One in seven homeowners are not confident thatoverwhelmingly without hope.
they will be able to keep up with paying theirIn many households, the threat of the financial
mortgages over the next six months.consequences associated with the housing slump has
According to an Associated Press - AOL Money anda huge bearing on one's emotional state.
Finance Poll, more than a quarter of homeowners inStudies show a strong connection between emotional
the United States fear the loss of value in theirstress and financial distress. It is not uncommon to
homes over the next couple of years.suffer from insomnia, migraines, nausea, depression
Up until the housing crisis, the increased value of realand anxiety during these troubling times.
estate had homeowners re-financing left, right andUnfortunately, due to excessively high medical costs,
center; homeowners felt secure and cashed-up.the dilemmas of not having access to private
Unfortunately, April's foreclosure filings show a moremental-health treatment in the midst of a financial
dismal reality since the housing boom; one in everycrisis is also problematic.
five hundred and nineteen households received aAs adults we tend to neglect the opinions and
foreclosure filing this year. A surge of 65% since lastfeelings of our children. Don't forget that our children
year.are also feeling extreme anxiety and helplessness in
Leading analysts warn that the crisis seems to beour stressful financial situation.
accelerating; sinking home values, rising foreclosures,Remember that children will sometimes blame
an excess of homes for sale, and tighter lendingthemselves for the situations that we, as adults
rules, which disadvantage those trying to re-finance,parents, find ourselves in. Just as we need coping
and shut-out those trying to purchase.mechanisms in order to push through hard times, so
A survey by the American Psychologists' Associationdo our children.
sites that half of the Americans they interviewedBe patient and kind with each other; these are trying
identified rent and mortgage costs as significantly hightimes!