Combating the Emotional Stress of Foreclosure

Saturday, October 05, 2013
There is little doubt that homeowners today face a variety of obstacles when trying to find a solution to their mortgage challenges. Besides the heightened prevalence and growing sophistication of mortgage and foreclosure rescue scams, borrowers also have to cope with the all-consuming fear, anxiety, and stress that undoubtedly accompanies the prospect of losing one’s home. A September 30 article in National Mortgage News sheds light on this very issue, noting that the emotions involved with mortgage challenges – particularly foreclosure – can at times paralyze homeowners and impede them from reaching out for help. Indeed, foreclosure can be an incredibly traumatic experience and trying to manage the emotional stress, let alone find a resolution, can be painfully unbearable. While shame and embarrassment of their situation may preclude many homeowners from seeking help, not taking action can prove to be far more harmful and may lessen the chance of obtaining a sustainable solution. That is one of the many reasons why we encourage homeowners who find themselves in a difficult position to call our HOPE Hotline. Our staff of housing counselors not only provide borrowers with trained, professional assistance and direction, but also extend their compassion at a time when it is needed most. There is no judgment involved – just unbiased counsel to help homeowners examine and weigh all possible solutions, including foreclosure alternatives such as short sales and deed in lieu. As a known and trusted resource, HPF can even work with your lender to discuss your options. If you are emotionally overwhelmed by financial and mortgage difficulties, please call our HOPE Hotline at 888-995-HOPE (4673) today. Our counselors want to help – and they have the expertise, experience, and insight to do so.