The Impact Of A Foreclosure Can Be Devastating
The impact of a foreclosure can be devastating for a family. Foreclosure represents a loss of stability and security. Not only is it embarrassing and humiliating, foreclosure causes a lost of upheaval and uncertainty for a family.
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The Financial Burden Of Losing Your Home
Foreclosure creates both a short-term and a long-term financial burdens for a family. Immediately before or after a foreclosure, the family must find a place to live. This usually means renting wich often entails paying a security deposit and the first month's rent.