How Foreclosure Affects Our Mental Health

At our Memphis bankruptcy firm, we’ve helped thousands of people facing foreclosure, and we’ve seen what a toll it can take on mental health. Here’s how foreclosure harms our peace of mind, why it’s one of the biggest stressors a person can face, and what you can do to stop a Memphis foreclosure for good.

The Connection Between Housing and Mental Health

It’s no secret changing homes is considered one of the most stressful life events. It ranks with losing a loved one and facing a severe illness. And that’s any type of move—even the ones people are excited about!

As something brought upon you without your consent, foreclosure is even more devastating.

The threat of losing your home may seem like just an emotional problem, all in your head. But housing is extremely important to our physical well-being—a fundamental need. Having a home means safety from the elements, community, and an ability to plan for the near future.

In addition, mental anguish actually takes a physical toll as well. According to the medical director of UH Connor Integrative Health Network, moving-related stress can affect your:

  • Digestive health
  • Inflammation
  • Immune system
  • Bone density
  • Sleep

If you’re experiencing extreme stress related to a foreclosure, two things will help:

First, practice taking deep breaths for a few minutes at a time. This helps calm the nervous system so you can think clearly.

Then, once you’re in a better place, take action. As you’ll see below, we can help.

Bankruptcy Lawyer Memphis TNMemphis Foreclosures Affect Children Differently

As we’ve seen from our clients facing a Memphis foreclosure, the #1 reason people stay in a home they can’t afford is not wanting to tell their children they have to move.

Children deal with stress and change differently than adults. As a result, families who may need to move (because they can’t afford the mortgage) often stay for months and even years too long, pushing them further into debt.

A normal move might bring real stress for kids: a loss of friends, new school environment, and a sense of instability. However, a move due to foreclosure comes with the additional stress of being forced out in a rush.

Before any move, it’s important to communicate well with your children. Let them know what changes to expect. Give them time and space to voice their worries. And if possible, help them solve those worries.

As you can see, foreclosure has an enormous impact on families, communities, and mental health. Fortunately, there’s something you can do about it.

Stop a Memphis Foreclosure and Get Out of Debt for Good

If you’re facing foreclosure, you likely have a lot of other debt on your shoulders. You may be experiencing some of the mental health problems discussed above. Well, you’re not alone. And you have options.

Our Memphis attorneys have helped thousands of people stop a Memphis foreclosure and get out of debt.

We work with you and the courts to set up a payment plan you can afford. We base it off your unique situation. And as a result, you get to keep your house and rebuild.

In addition, our firm offers resources to help you navigate life after bankruptcy. We take your health seriously, and we want our clients to have peace of mind at every step of the process.

Don’t let the threat of foreclosure steal any more of your mental health. Contact us today for a free conversation about your options, no strings attached.

Just call 901-327-2100 to get started or fill out the form below. We look forward to talking with you.

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