The Intersection Of Health Care and Foreclosure: How To Avoid Becoming a Statistic

Posted on Thursday September 03, 2009
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by Molly E Secours, September 3, 2009, 9:05 am

For almost a year I lived on my purple couch in between cancer treatments. My living room was a healing sanctuary and every morning I glanced at the sky and nodded thanks to the creator for a safe place to recover.

As I peeked my head above the covers this past year recovering from chemo and radiation, I was blindsided by the financial debt accumulated through treatment and realized that without getting my 9.8% adjustable mortgage lowered, keeping my house was an impossibility. I thought about selling to get out from under it but with the plummeted housing market, it was upside down by about $30,000.

A recent study reports that 49% of Americans facing foreclosure are because of medical debt. I was one of them.

Read all of Molly's story on Red Room.ยป
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