National Mortgage Professional Magazine

A report titled, “The Ongoing Impact of Foreclosures on Children” reveals that an estimated eight million children will be directly impacted by the mortgage crisis. The report is the second released by First Focus on the foreclosure crisis’ impact on children and families. Of the eight million children impacted, 2.3 million have already lost their homes. Three million more children are at serious risk of losing their homes in the near future, and an additional three million have been evicted or may face eviction from rental properties that undergo foreclosures. This report is the first to quantify the children in rental units affected by foreclosure.

“Children are the often invisible victims of the foreclosure crisis,” said report author Julia Issacs of the Brookings Institution. “Foreclosure affects not just the homeowner or landlord, but also the children living in the foreclosed properties.”

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