Over and over, residents caught up in the foreclosure crisis — homeowners, renters, even Realtors — report that they are suffering from stress or depression and are sometimes too ashamed to reach out for help.
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“We’re seeing more people coming for crisis services, people who have never been in the system before,” said Theresa Schoettler, who manages Merced County’s in-patient psychiatric unit and walk-in clinic. “A lot of people are self-medicating. There’s a lot more alcohol abuse. A lot more despair. Some people say they can’t live anymore.”
Foreclosures take heavy toll on hearts and minds: Some residents fear they soon will have no home at all.
“I don’t want to end up at that tent camp on Santa Fe,” said one middle-aged woman, who lost her job last year. She asked that her name not be used because she’s looking for employment. “It’s terrifying for a single person to live in a car,” she said.
Another woman, also facing foreclosure, swallows Lexapro and a stew of other anti-depression and anti-anxiety drugs just to make it through the day.
No statistics are available for exactly how many county residents seeking mental health help are dealing with home foreclosures. Nor has much medical research been conducted on how the wave of foreclosures can affect public health nationwide.
However, an article published in October in the American Journal of Public Health reported on a study of Philadelphia area residents undergoing foreclosure in the summer of 2008.
The findings are grim. More than one-third of those residents met the screening standards for major depression, such as feelings of sadness and changes in appetite or sleep patterns, said the article's lead author, Dr. Craig E. Pollack, a Rand Corp. researcher and assistant professor of medicine at George Washington University in Washington, D.C. That compares to about 13 percent for people living in poverty.
http://www.mercedsunstar.com/580/story/1290699.html
Another form of eugenics?
- 1 vote
Related Content;
Administration shifts gears on mortgage modifications:
Conceding that its initial mortgage relief program has been less than successful, the Treasury Department Thursday announced new rules to simplify and speed the decision-making process for struggling borrowers trying to modify the terms of their distressed mortgages.
The changes to last year's Home Affordable Modification Program announced by the Treasury take effect on June 1, and are designed to address the continuing problem with borrower documentation that's frustrated both homeowners and mortgage servicers, who act as bill collectors for investors that own pools of U.S. home loans.
The new HAMP requirements will force servicers to have in hand all the needed documents from borrowers before they extend a three-month trial modification. Currently, trial modifications can begin after authorization by phone, with related paperwork only needed sometime within the three-month trial period.
The confusion has led to a slow start for the administration's effort, which began picking up speed in December. Several million homeowners may qualify for loan modifications, but as of December, only 110,000 permanent modifications had taken place, a fraction of the 3 million to 4 million sought by 2012.
"We've learned a lot along the way," said Assistant Treasury Secretary Herb Allison, acknowledging that the program to help struggling borrowers stay out of foreclosure got off to a difficult start.
http://www.mcclatchydc.com/226/story/83269.html
Difficult start? it's dead in the water...as designed.
- 1 vote
"Difficult start? it's dead in the water...as designed."
Come on. You don't really believe that, do you?
"... as designed"? You mean you feel what this administration has tried to do was designed to fail from the very beginning? To what end? What would be the objective for doing so?
I think you should realize we are in new territory with this foreclosure mess. No one has ever seen anything like this before. And as such, many things that have been done were not proven before hand. What is happening, to some extent, is having to deal with this problem on the fly. Thee are so many steps in the process and many of the mortgage companies are not up to speed in doing what they should be doing.
At least the Obama administration is trying to do its best, trying to do something and working in good faith.
I'll tell you one thing, I would rather have the current administration at the helm than the last administration in charge at this particularly time.
That's for sure.
You say it is dead in the water and designed to fail. OK. What would you have done?
- 1 vote
Not President Obamas' design....I can guarantee you that he is as legitimate and sincere as they come...but he is depending on people who are only vested in their own agendas. The whole financial industry has been taking him to the bank...and we are paying for it with our lives.
- 1 vote
Merced County is in crisis, a path they have been heading down for some time. With many opportunities and funds from State and Federal Government nothing was achieved. Countless Pilot Projects were vandalized with money spent to cover lawsuits and pockets....and it appears to continue. Something is very wrong...maybe rotten.
- 1 vote
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