Wednesday, March 23, 2011

College Education Leads to Job Leads to Renting a Home leads to Homelessness?

A man gets a top notch education from Syracuse University got a home that he was renting, the recession hits, now he's being foreclosed out of his home and being forced to live week to week in a motel.
Costa Mesa (California): Greg Hayworth, 44, graduated from Syracuse University and made a good living in his home state, California, from real estate and mortgage finance. Then that business crashed, and early last year the bank foreclosed on the house his family was renting, forcing their eviction. Now the Hayworths and their three children represent a new face of homelessness in Orange County: formerly middle income, living week to week in a cramped motel room. As the recession has deepened, longtime workers who lost their jobs are facing the terror and stigma of homelessness for the first time, including those who have owned or rented for years. Some show up in shelters and on the streets, but others, like the Hayworths, are the hidden homeless—living doubled up in apartments, in garages or in motels, uncounted in federal homeless data and often receiving little public aid.

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