Foreclosed Homeowners Turning to Homeless Shelters

Shelters across the country are reporting that a significant portion of their clientele consists of foreclosed former homeowners.

"Growing numbers of Americans who have lost houses to foreclosure are landing in homeless shelters, according to social service groups and a recent report by a coalition of housing advocates. Only three years ago, foreclosure was rarely a factor in how people became homeless. Most people who become homeless because of foreclosure had been low-income renters whose landlords stopped making their mortgage payments...but in recent months, there has been a visible increase in the number of former homeowners showing up in shelters."