Saturday, July 31, 2021

Play

Educators' unions call for efforts to ensure in-person learning keeps students, teachers, families, and staff safe; and an update on hate crimes by state.

Play

Congress passes Capitol security funding; House Freedom Caucus members want Cheney, Kinzinger out of GOP conference; Schumer closes a deal to advance $3.5 trillion reconciliation package; and a new report says investor-owned utilities try to block rooftop solar.

Report: NH Foreclosures are a “Sickness”

Play

Wednesday, October 29, 2008   

Concord, NH – Get sick and lose your house: A study of mortgage foreclosures across the country shows that almost half of those who have lost their homes blame medical bills for their misfortune.

Foreclosures in New Hampshire were up 70 percent last month, according to real estate industry tracking. Christopher Robertson at Harvard University says his team interviewed people who had lost their homes, and found that even when people had taken subprime loans, they could still make payments until medical bills interfered.

"One really interesting problem we observed was that people are taking on more debt, as they own the house, in order to pay their medical bills."

Previous studies have tied foreclosures to subprime loans, but had not assessed the role that unexpected high medical bills play in getting behind on house payments.

New Hampshire social worker Steve Gorin has been promoting the need for health care reform for years, after seeing how rising costs, even for those with insurance, have been ruining family assets.

"I'm hopeful that with the change of administration, one way or another, and with other races across the country, we'll finally be able to provide affordable health care coverage to people that need it."

Another Harvard study found that one of every two bankruptcies in the U.S. is because of medical bills. Robertson says health care reform needs to be part of the national debate about rescuing the economy

"Because this fits into the broader picture we're seeing of financial insecurity and medical crises, I think action on this issue is appropriate."

About 2,400 homes have been lost to foreclosure in New Hampshire so far this year. During all of 2005, only 452 mortgages were foreclosed.


get more stories like this via email

In addition to roof repairs and other home improvements to lower utility bills, a Michigan League for Public Policy report recommends expanding utility-shutoff protections to include households with young children. (Adobe Stock)

Environment

LANSING, Mich. - High utility costs are a major burden for Michigan's low-income residents, and a new study says they have an impact on their health…


Environment

TALLAHASSEE, Fla. - A new report shows an effort by investor-owned utilities in the Sunshine State to block the growth of rooftop solar. The …

Health and Wellness

By Troy Pierson / Broadcast version by Mary Schuermann reporting for the Kent State-Ohio News Connection Collaboration. As marijuana becomes more …


Across the United States, 46 states have laws allowing for harsher punishment for crimes based on bias. (Ludk/Adobe Stock)

Social Issues

SALT LAKE CITY - With rising numbers of people targeted in hate crimes and related violence, a new report analyzes the hate-crime laws in each state…

Social Issues

BOSTON - Educators' unions are calling on the state to support their efforts to ensure in-person learning in the fall keeps students, teachers…

According to AARP Connecticut, 47% of family caregivers have had at least one financial setback, such as having less money for retirement or savings, or cutting back on their own healthcare spending. (Adobe Stock)

Social Issues

HARTFORD, Conn. - In Connecticut, more than 460,000 people care for close friends or family members who can't manage on their own - and their …

Social Issues

ALBUQUERQUE, N.M. - Millions of Americans soon could find eviction notices on their front doors, but New Mexico renters will not be among them - as …

Social Issues

FREDERICKSBURG, Va. -- With many Virginians still experiencing pandemic-related unemployment, students at a state community college were able to get …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member and audience-supported news source since 1996 Copyright 2021