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Close Topic OptionsTeens Suffer From Enduring Foreclosure Crisis
Teens Suffer Enduring Foreclosure Crisis - Politics, Business, Civil, History - Posted: 28th Aug, 2008 - 7:15am
Posts: 1 - Views: 743
Teens Suffer From Enduring Foreclosure Crisis
I had never really thought about the deeper ramifications of foreclosures before reading this article. When a mortgage goes into foreclosure it impacts the entire family. Parents should take care not to burden their children with their financial struggles if at all possible.
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| In the midst of the foreclosure crisis, teenagers are experiencing trouble at home especially when their parents are imposing measures that will allow them to pay their mortgage dues each month...To help their parents deal with the mortgage problems, many teenagers are cutting back on their spending and getting part time jobs. Many parents have also decided to discuss the foreclosure process with their teens in order to prepare them for any eventuality. The burden of facing the possibility of losing their home to foreclosure is evident in some of these teenagers. Some are sharing the worry that their parents are feeling, affecting their studies and social life. Things that were previously fun, like proms and graduations, have become the cause of stress for these young people. |
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TOPIC: Teens Suffer From Enduring Foreclosure Crisis