Impact of foreclosure on families

First Focus has a report that you should read dealing with the impact of foreclosures on children and families.

The report titled: The Impact of the Mortgage Crisis on Children written by Phillip Lovell and Julia Isaacs.

The report centers on the fact the foreclosures affects a child:

• Education
• Social relationships
• Physical health
• Emotional health

According to this report 2 million children will be impacted by foreclosure

Please read the First Focus report.

Related Florida real estate views:

Florida attorneys offering free help to homeowners facing foreclosure

Foreclosure affects families

- Greg Staker Watson Realty Corp. 407-304-0255

Washington Mutual helps more than 7500 homeowners avoid foreclosure

WaMu plans to assist additional homeowners avoid foreclosure. The company has placed another $1 billion, that's billion with a B, towards their borrowers' assistance program.

According to WaMu's press release, under the program, eligible WaMu subprime borrowers who remain current on their existing loans and anticipate pending payment increases may apply for new discounted fixed-rate loans or other mortgage products available to them.

WaMu customers should call 1-800-881-7099 to ask about available programs.

Complete press release

Related Florida real estate views:

New law may save your house

Florida attorneys offering free help to homeowners facing foreclosure

Mr. Postman look and see if there is a letter from FHA for me.


- Greg Staker - Watson Realty Corp. - 407-304-0255