Foreclosure

==Impact of foreclosure==
[[File:Notices on door and windows of foreclosed house, Walden, NY, April 2013.jpg|thumb|Notices accumulate on the door and window of a foreclosed, unoccupied house.|alt=Outer door and window of a house with several paper notices taped to both of them]]
The impact of foreclosure goes beyond just homeowners but also expands to towns and neighborhoods as a whole. Cities with high foreclosure rates often experience more [[crime]] and thefts with abandoned houses being broken into, garbage collecting on lawns, and an increase in prostitution.<ref name="AP">Associated Press. "Sharp Rise in Foreclosures as Banks Move in – Business – Real Estate –
Msnbc.com." NBC News – Breaking News, Science and Tech News, World News, US News, Local News- NBC News. NBC News, 13 October 2011. Web. 4 December 2011.{{cite web |url=http://www.nbcnews.com/id/44885991 |title=Sharp rise in foreclosures as banks move in |website=[[NBC News]] |date=13 October 2011 |access-date=2011-12-06 }} nbc news, business-real estate; Reviewed 3013-07-20</ref> Foreclosures also impact neighboring housing sales on two levels—space and time. For any given time frame, foreclosures have a greater negative impact when they are closer to the property attempting to be sold. The conventional view suggested is that the increase in foreclosures will cause declines in the sales value of neighboring properties, which, in turn, will lead to an extension of the housing crisis.<ref>Rogers, W. H., & Winter, W. (2009). The Impact of Foreclosures on Neighboring Housing Sales. Journal of Real Estate Research, 31(4), 455–479.</ref> Another significant impact from increased foreclosure rates is on school mobility of [[children]]. In general, research suggests that switching schools is damaging for children, although this does significantly depend on the quality of the origin and destination schools. A study done in [[New York City]] revealed that students who changed schools most often entered a school with lower, on average, [[test scores]] and overall school performance. The effect of these moves on academic performance for individual students requires further research.<ref>Been, V., Ellen, I., Schwartz, A., Stiefel, L., & Weinstein, M. (2011). Foreclosure and kids: When losing your home means losing your school. United States, Washington: Poverty & Race Research Action Council. Retrieved from [https://search.proquest.com/docview/861355145] proquest; fee required access</ref> Foreclosures also have an emotional and physical effect on people. In one particular study of 250 recruited participants who had experienced foreclosure, 36.7% met screening criteria for [[Major depressive disorder|major depression]].<ref name="Pollack"/>
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