Foreclosures lead to depression and physical illness, long-term study shows

New York /
Oct.October 20, 2011 05:37 PM

Another study has shown that losing a house to foreclosure can lead to physical and mental health conditions, with one in five people in default on their loans exhibiting serious symptoms of depression, according to recent findings by the University of Maryland cited by the Baltimore Sun.

“We knew of the link, but we were surprised by the magnitude of the problem,” said Dawn Alley, an assistant professor of epidemiology in the University of Maryland School of Medicine. “These people were more than bummed out.”

This is the first long-term study to show that foreclosures are causing health problems in people who were not previously ill, the Sun said.

“It’s becoming a coexisting condition,” said Bailey Susic, outreach program and professional education manager at the Pro Bono Counseling Project, a non-profit statewide mental health counseling referral service. “They didn’t have depression before.”

A previous study linked foreclosures with hypertension and diabetes, among people aged 20 to 49. [Baltimore Sun]


Related Articles

arrow_forward_ios
Northwind Group’s Ran Eliasaf with 128 East 28th Street
Northwind files to foreclose on NoMad condo, rental properties
Northwind files to foreclose on NoMad condo, rental properties
From left: Ace Hotel’s Brad Wilson and Omnia Group's David Paz along with 225 Bowery (Getty, Google Maps, Ace hotel, Omnia Group)
Bowery micro-hotel files for bankruptcy
Bowery micro-hotel files for bankruptcy
Madison Realty Capital's Brian Shatz, P.S. 64
Auction set for long-vacant East Village school as owner vows to fight
Auction set for long-vacant East Village school as owner vows to fight
From left: Starwood Capital’s Barry Sternlicht and Veracity Development’s Edmond Li along with 111 Mercer Street (Getty, Google Maps, Veracity Development)
Sternlicht’s LNR aims to foreclose on Veracity’s Soho condo
Sternlicht’s LNR aims to foreclose on Veracity’s Soho condo
DW Partners David Warren and 427 Marcy Avenue (Getty, DW Partners, Google Maps)
Bizarre bankruptcy stops Brooklyn condo project foreclosure
Bizarre bankruptcy stops Brooklyn condo project foreclosure
Salim Assa with 15 West 55th Street
Troubled Midtown rental saga headed for a foreclosure finale
Troubled Midtown rental saga headed for a foreclosure finale
Brooklyn District Attorney Eric Gonzalez charges disbarred lawyer with deed theft of 10 Pleasant Place in Ocean Hill, 1429 East 100th Street in Canarsie and 1100 Sutter Avenue in East New York.
Disbarred lawyer charged in deed theft scheme — again
Disbarred lawyer charged in deed theft scheme — again
Leslie J. Garfield’s Thomas Wexler with 163 East 64th Street (163 East 64th Street, Getty, Leslie Garfield)
Renaissance-inspired townhouse faces foreclosure
Renaissance-inspired townhouse faces foreclosure
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...