The details of unemployment and foreclosure in georgia

When it comes to job loss, the level of severity is irrelevant: the car still needs gas, bills still require payment and the mortgage does not halt when an occupation does. When a person becomes jobless, even the home can transform into an uncertainty. An abounding number of Georgia residents live with this fear, and many have already faced foreclosure. There are basic facts about joblessness and foreclosure in the state that one can become familiar with, should this unfortunate and often unexpected situation occur.

MSNBC considered the prevalent issue of unemployment and foreclosure, noting that the 2013 refusal from Congress to renew federal benefits for the unemployed left millions without solutions. In fact, over 1.7 million Americans had once benefited from these unemployment checks, and that number has likely risen. In addition, MSNBC shares data from the Urban Institute that roughly 54 percent of long-term unemployed citizens live in owner-occupied homes. Despite recovery since the 2008 housing crisis, countless Georgia residents still face this daily financial struggle -- and this article shows that only a small percentage of those who file for unemployment benefits see full-time employment in the months and years that follow.

The U.S. Department of Housing and Urban Development shares pointers for individuals facing foreclosure. HUD urges the public to act on financial matters quickly to avoid letting mortgages going unpaid. Various housing agencies also exist for those struggling to make ends meet. Furthermore, Homesafe Georgia assists unemployed and underemployed homeowners who are weighed down with the burdens of payments they simply cannot make. While foreclosure is a serious threat that looms over the heads of many, there is a plethora of resources for Georgia residents to seek out in such trying times.   

 

 

    

 

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