When we take mortgages out, it’s usually with a sense of gratitude and anticipation towards purchasing a house, and there is nothing more reassuring in life than to have a home to go to at the end of every day. There are a number of reasons to purchase homes: building up equity and trying your hand at selling them, to name a few.
However, most people simply want some place to call home, to provide a sanctuary for themselves and their families. A large part of the American Dream is simply to own your own house, but all of that is threatened if you are facing foreclosure. Most people can’t foresee foreclosure happening, and when it does, most people are powerless to stop it.