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

TRD 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

Nationwide foreclosures are at a 15-year low (Credit: iStock)

Foreclosures nationwide fell to 15-year low in 2019

494 Broadway and Thor Equities' Joe Sitt (Credit: Google Maps)

Thor faces foreclosure on site where lender says it’s seeking “unrealistic rents”

Maefield Development's Mark Siffin and 20 Times Square (Credit: Maefield)

Lender forecloses on Maefield’s billion-dollar Times Square project

Thor Equities' Joe Sitt and 725 8th Avenue (Credit: Google Maps)

Thor facing foreclosure at Theater District building

Home foreclosures dropped nearly 20% in Q3, report shows

Home foreclosures dropped nearly 20% in Q3, report shows

Manhattan’s 10019 zip code, which covers Midtown, Times Square, Herald Square and Midtown South, saw the most foreclosures in the borough with eight. (Credit: iStock)

Manhattan foreclosures soar 118%, driven by mortgage defaults

15 East 63rd Street and Oleg Cassini (Credit: Google Maps and Getty Images)

Oleg Cassini’s former UES headquarters faces foreclosure

Mayor Bill de Blasio and Frank Carone (Credit: Getty Images)

City tapped De Blasio donor to take over foreclosed properties