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Foreclosures linked with unemployment are leading to homelessness

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By : Adam Sanderson    99 or more times read
The homeless shelters are filled in capacity with foreclosures being linked with unemployment causing homelessness.

In the suburbs the number of homeless people is spreading across the nation. According to HUD the number of homeless living in shelters in the suburbs and rural regions increased from 23% to 32%. In the big cities however it dropped from 77% to 68%.

Lawrence Levy of National Center for Suburban Studies (Hofstra University at Long Island) said, “Homelessness has been an issue, but has not shown up as visibly as it is now. The average person didn’t know someone who was homeless and rarely saw someone who was homeless as long as they stayed out of those pockets of poverty that have been there for a while. But they’re seeing it more and more now, in train stations or other public places, and it’s people that they know.”

In the suburbs it is becoming a problem because of the poor facing uncertain conditions and a huge numbers thrown out of homes by foreclosures are migrating to the outskirts of the cities. Many small businesses have downed shutters as unemployment figures are increasing in general. The city facilities for the homeless are full up and many are moving out hoping for better amenities in the suburbs.

Carol Walter of Connecticut Coalition to End Homelessness said, “In Connecticut cities, we’ve done a decent job of creating permanent supportive housing and creating long-term opportunities, particularly for those people with ongoing and significant barriers to housing. So the urban areas might be a little bit ahead in making a dent in the homeless population.”

A big problem is that those homeowners who have lost jobs are losing their properties also. As the hard days drag on, they are exhausting their benefits like severance pay etc. Employment meanwhile continues to elude them. Renters are also suffering from the foreclosure crisis as they are being evicted when the landlords face foreclosure or suddenly need additional space to accommodate family members who have been evicted.

Connie Lassandro of Housing and Homeless Services of Nassau County said, “We were dealing for so long with the sub-prime-mortgage and predatory-lending crisis, but now what we’re seeing is a greater percentage of those losing their jobs. We thought we were getting things under control, but the job losses are now creating a second wave of foreclosures. You can’t save a home if there’s no income.”
Adam Sanderson, has been working on studying the foreclosures market, helping buyers on the finer points of Arlington foreclosure listings. Try to visit and find all related information about foreclosure listings.

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