Years ago, foreclosure carried a negative stigma. Homeowners facing foreclosure didn’t want to talk about their predicament out of fear of embarassment, not wanting to be viewed as a ”deadbeat.” Now? Things have certainly changed.
Foreclosure is so pervasive, affecting everyone from all walks of life, that the stigma is gone, if not entirely, then almost entirely.
Why the change in perception? I see two reasons. First, the mainstream media has shown the public, over and over again, how banks are slimier than pigs in a mud pit on a rainy day. Suddenly, as far as foreclosures go, homeowners aren’t the ones with the negative stigma. It’s now OK to openly discuss foreclosure, as I’ve seen by the creation of various on-line support groups in recent months.
Second, the public has begun to realize that foreclosure affects everyone. Unlike years ago, it’s not just the unemployed or disabled – it’s rich and poor; millionaires and unemployed; black, white, and Hispanic; old and young; blue collar and white collar; … everyone.
I know this from my own experiences, having represented doctors, lawyers, judges, engineers, and countless other professionals.
Want more proof? Burt Reynolds is facing foreclosure on his Florida home.
We’re not talking about some D-list celebrity hack who made a movie once. We’re talking about Burt Reynolds.
If you’re facing foreclosure, don’t be embarassed. Foreclosure affects all walks of life. Instead, hold your head high, hire a lawyer, and fight to protect your rights.