Seek help if you’re facing foreclosure and feel depressed or panicked

July 25, 2008

Today I had originally planned to post the second part of “Living within you means.” However, I saw a story this morning that was very upsetting, and I think it’s worth addressing immediately.

A woman in Massachusetts committed suicide over the pending foreclosure of her home. You can read the story here.

This is a tragedy in so many ways. I have not seen details as to whether this woman tried to get any type of help, either psychologically or financially.

For anyone who is facing foreclosure, it is very important to know that there is help available in many forms. In terms of finances, seek out a reputable non-profit credit counseling agency that also offers housing counseling. A certified counselor may be able to put a halt to foreclosure proceedings, help you organize your finances and offer practical suggestions to get your finances under control.

You are not alone. Many people have found themselves in this unfortunate situation. There is no shame in asking for help.

If you are feeling depressed or panicked and cannot control your feelings, please seek out a psychologist who can help you work through these feelings. Many people face situations in their lives that they can’t handle on their own. Again, do not be embarrassed to get help.

Finally, if you have a family member or friend who is struggling financially or facing foreclosure, please check in with them. Watch for signs of depression or changes in mood.

You can get information about mental health, the signs of depression and other resources by visiting the National Alliance on Mental Illness at www.nami.org.

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