• 11
  • November
    2011

The evidence just keeps coming in on the toll the Great Recession and its challenging aftermath are having on ordinary people. This is particularly true of people whose problems with debt include a delinquent mortgage and possible foreclosure.

A Florida foreclosure process attorney can help clients deal with the challenges. When you need debt relief, it makes to get help from lawyer experienced with these issues. An attorney will explain your debt relief options to you and help you make a decision about filing for bankruptcy.

Keep in mind, too, that you are among many thousands of people grappling with debt in this tough economy. Indeed, so many people have suffered from foreclosure or the threat of foreclosure that researchers are now saying that the impact of this stress is creating a public health crisis.

A study from the University of Maryland published in the American Journal of Public Health is one of the first attempts by researchers to document the impact on health of the recession and the ongoing housing slump.

The researchers focused on people over the age of 50. Surveys showed that many people in this age group who are behind on their mortgages are also struggling with depression. For some people, debt problems have become so acute that they may tend to forego prescription medicines that they think are too expensive. This, in turn, can have a negative impact on health, as can bad eating habits caused by financial pressure.

Of course, many people under 50 are facing mortgage default or foreclosure too. Research on the impact of the recession should probably be done on them as well. For now, it's clear that emerging evidence shows a negative impact on health for many people over 50 facing foreclosure.

Source: "Knight: Public health threatened by mortgage crisis," 10-31-11