Ongoing financial challenges can often lead to outcomes such as filing for bankruptcy, repossession and having to acquire a home equity loan. In the face of unemployment money trouble can continue to grow and may seem overwhelming for any family or individual homeowner. Losing income will naturally add to the possibility of facing foreclosure.
Other worries about mortgage payments and whether you can afford your property can cause added stress to an already stressful life situation. Insufficient equity or significant problems with the house can translate into further problems and expenses.