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Homeownership is a big part of the American dream. A safe place to shelter after a long day of work, a place to rest, entertain, and maybe even raise a family. In 2021, 6.12M homes were sold, according to the National Association of Realtors. Millions of individuals and families moved in, decorated, and began building memories.

Unfortunately, home ownership doesn’t always work out as expected. Every year, over 150,000 homeowners become unable to pay their mortgages to the point of falling into foreclosure.

According to the government website, “Foreclosure occurs when a homeowner is no longer able to make mortgage payments as required. This allows the lender to seize the property, removing the homeowner and selling the home, as stipulated in the mortgage contract.”

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