My Home Foreclosure Story: How I Recovered at 50+ & Why You Can Too

My name is Yuwanda Black. I’m a freelance writer and the publisher of this site (along with a few others). I started this blog in 2009 when the home foreclosure crisis was still raging.

I’ve been a realtor and a mortgage consultant in my previous professional lives. This prepared me nicely for my freelance writing career as personal finance, mortgages, credit repair, real estate, etc., happen to be topics I enjoy writing about.

But … starting this blog was also a personal journey. I lost my home to foreclosure during the crisis and the more I read and learned about how it all happened, I felt compelled to share the info.

Starting this blog was also a business move; ie, to promote helpful products and services related to this industry. So in a sense, you might say that the stars aligned to give me my “dream writing / online marketing” freelance job. But, I digress.

Losing a Home to Foreclosure: Facing the Shame

When I lost my home to foreclosure (voluntary foreclosure), I was ashamed, embarrassed and felt like the biggest financial disaster walking. I was almost 50, had practically zero in retirement (thanks to pouring money into a the sinking asset that was my home), and scared s**tless about my future.

My Biggest Fear in Life

Know what it is? Growing old and being poor. And there it was … staring me smack dab in the face! For all of her great points, America is “No Country for Old Men” (or women), to borrow a movie title.

How did I get to this point? I’d been working all my life (since I was 11). Literally, mowing lawns was my first “job.” My stepfather bought me and the sister closest in age to me a lawn mower. We lived in a trailer park with 64 lots and went door to door asking neighbors if they wanted their grass cut. That’s how we saved for new school clothes every year.

After all of that and many more jobs under my belt — almost 40 years later — I found myself at poverty’s door. One day, I took a hard look at my finances, divorced myself from the emotion of my situation and took charge of my life. I knew had to do something drastic, or my greatest fear would indeed come true.

Why Losing My Home to Foreclosure Was the Best Financial “Mistake” I Ever Made

When I look back now, I can honestly say that losing my home to foreclosure — even though it was voluntary — was one of the best things that ever happened to me, financially and personally.

So here’s my home foreclosure story — and how I recovered from it at almost 50. And yes, there is life after foreclosure; a great life. But you have to pull that band-aid off, face your financial reality, and make moves to get “unpoor” as I call it.

Now, I’m on track to have the nice retirement I always dreamed of. If you’re in the same situation, just know, you can recover — if you take action.

Share Your Foreclosure Story

I’m always seeking personal stories of home foreclosure. If you have one, please send it it. You can do so anonymously, or openly (I’ll gladly link back to your site, of course). Share how it happened, what lessons you learned, how you felt about it, and anything else you want others to know. I’d be honored to publish it.

Related Posts

Foreclosure Advice: Did You Know That How Much You Save Affects Whether You Will Be Foreclosed On?

Foreclosure Consequences: Exploring “Voluntary Foreclosure”

Foreclosure & Credit: How Does a Foreclosure Impact Your Credit Report?

Underwater On Your Home? Filing Chapter 7 Bankruptcy? Should You Reaffirm Your Mortgage?

P.S.: Start a Foreclosure Cleanup Business Today.

Even though the foreclosure crisis is over, as long as real estate is bought and sold (hint: forever!) there will always be a need for foreclosure cleanup (and real estate-related) services. Get your foreclosure cleaning “Business in a Box” and start this lucrative business right now.

Life After Foreclosure: Some Surprising Insights “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

What Happens to People Who Lose Their Home to Foreclosure? It’s Not as Bad as You May Think

While foreclosure does force many people to move, most do not end up in “substantially less” desirable neighborhoods or more crowded living conditions. Although, they are less likely to live in owner-occupied housing and also tend to move to denser, more urban neighborhoods.

Post Continued Below…
There are still plenty of foreclosure cleanup (and RE-related) jobs out there. Get your foreclosure cleanup “Business in a Box” and start this lucrative business right now for 40% Off!



Read the rest of this article on MSN Money.

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© 2014 Foreclosure Business News. Content may not be reprinted or reproduced in any manner without the express, written consent of the author.

Happy 4th of July

America turns 236 years old today.

Happy Birthday!

Happy Thanksgiving! “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

Please keep those who are less fortunate in your prayers this festive season — especially those who have no home, whether it’s due to foreclosure or other reasons.

Related Posts

Home Foreclosure News: 1.2 Million Homes Lost to Recession (Foreclosures a Big Factor as Many Squeeze in w/Relatives & Friends)

Stop Foreclosure: The Secret Your Lender Won’t Tell You That Can Help Save Your Home (learn 7 ways to stop a foreclosure in the video in this post)

Mortgage Foreclosure Timeline: How the Foreclosure Process Works & How Long You Actually Have to Move if You Eventually Lose Your Home

Foreclosure Scams: How to Avoid Being Ripped Off by “Foreclosure Rescue” Companies

How to Stop Home Foreclosure For Over 2 Years Without Making Payments: Do it Yourself for Free — Here’s How

Stopping Foreclosure: What to Do When the Bank Refuses to Accept Your Mortgage Payments & Tries to Escalate the Home Foreclosure Process

Learn how to operate a successful foreclosure cleaning business. Read how one foreclosure cleaning business owner makes up to $40,000/wk.


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P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Look under “Recent Posts” heading for most current job leads.

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Copyright © 2011 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

House Selling Tips for Unloading a Foreclosed Home Quickly During the Holidays

If you’re facing foreclosure and trying to sell your home during the holidays, there are some unique challenges you may face this time of year. Following are some house selling tips for how to make your home attractive to buyers so that it sells quickly.

House Selling Tips on Holiday Décor – Should You Remove Religious Themes?

Christmas is a religious holiday. But, there are many religions. So the question for those trying to sell their home this time of year becomes, “Should I remove religious-themed décor, or leave it up?”

There are two schools of thought on this.

Some realtors say that as long as it’s tasteful and not over the top, it shouldn’t turn off potential buyers and is fine to leave it up. But, what is “tasteful” to one person may be offensive to someone else. There is no one standard by which to judge this idea of tastefulness.

And, this is exactly why other realtors may tell you to remove all religious-themed décor altogether. After all, they argue, if you’re trying to stop foreclosure by selling your home, you need to do everything you can and if there’s even the remote possibility that someone could be turned off by your décor, then you should remove it.

The bottom line is, it’s up to you.


Post Con’t Below: Get the Foreclosure Cleaning “Business in a Box” at one low price.



House Selling Tips on Ethnic Holiday Décor – Should You Remove It, or Not?

Similar to religious themed holiday décor, there is no one race. And, many homeowners decorate their homes for the holidays that reflect their race and their culture.

Is this a turn-off, or a non-issue for potential buyers?

On one side you have those who say as long as it’s not “over the top,” it can be left up. On the other hand you have those who say your holiday décor should be as “neutral” as possible. But again, who defines what is “over the top” or “neutral”?

Best bet – keep décor simple.

2 Holiday House Selling Tips You Probably Haven’t Thought Of

Smells Sell: Buying a home is as much an emotional as a financial decision. And when emotions are involved, all of our senses are affected. Smell is one of the most powerful, for we associate it with feelings. Nothing “feels” like home more than familiar smells of fresh-baked cookies or a home-made pie, for example.

Cinnamon apple, peach, blueberry, pumpkin – these are all familiar holiday smells of baked goods that can “attach” a potential buyer to a house. So when you know you have a showing, fire up that oven and get the good smells going.

Be Open to Appointments: While it may be an inconvenience, be open to showing your home on a moment’s notice. Remember, if you’re trying to stop foreclosure and sell quickly, there are many out of towners who may be in town and interested. So, their schedules may be limited. Hence, help your realtor by being flexible with showing time.

Holiday House Selling Tips: Conclusion

If you do these things, along with keeping your home clean (even though it may be trying especially this time of year with family and friends in and out), you’ll have a better chance of selling your home and avoiding foreclosure.

Get a state by state breakdown of how long the foreclosure process takes.

Related Posts

Stop Foreclosure: The Secret Your Lender Won’t Tell You That Can Help Save Your Home

Banks are dragging out the foreclosure process for their own selfish reasons

Email from a reader, on not being foreclosed on

Home Foreclosure News: 1.2 Million Homes Lost to Recession (Foreclosures a Big Factor as Many Squeeze in w/Relatives & Friends)

Copyright © 2010 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

Foreclosure Business News: Vacation Break

Foreclosure Business News’s editor will be on vacation from Monday, May 24 through Monday, May 31st. The site will be updated again on Tuesday, June 1st. Meanwhile, enjoy the following posts.


Foreclosure Cleanup Business Advice

Foreclosure Cleaning Business Owners: Advice from a Banker Who Handles Foreclosed Properties on How to Land Foreclosure Cleaning Jobs

How to Bid on Foreclosure Cleaning Jobs: Inside Peek at an Actual Foreclosure Cleanup Bid

Foreclosure Cleaning: How to Get Non-Foreclosure Cleaning Jobs

Foreclosure Cleaning Business Advice: One Sure Way to Make Your Company Stand Out from the Competition

How to Get More Foreclosure Cleaning Jobs with Postcards

Cleaning Foreclosure Properties: Learn How to Price Jobs by “Spying” on the Competition

Foreclosure Cleanup: Why Winterization is a Lucrative Service to Offer on Foreclosed Homes

See complete library of ebooks on foreclosure cleanup and how to invest in cheap foreclosures.

Buy Foreclosures Cheap Advice

Foreclosure Homes for Sale: Why the Time to Buy is Now, Especially for First-time Homebuyers

How to Buy Foreclosures Cheap, Retire Early & Secure Your Financial Future

Stopping Foreclosure Advice

Foreclosure Lawyer: Need One? How Not to Get Ripped Off & Choose the Best One

Home Foreclosure News: Obama Admn Offers New Help for “Underwater” Homeowners  

Home Foreclosure and Your Credit: Details of the Mortgage Forgiveness Debt Relief Act of 2007

Stop Foreclosure: More than 90 Days Late on Your Mortgage? Here’s a Foreclosure Prevention Program for You

California Foreclosure Law: How to Stop Foreclosure Even If Your Home Is Sold at Auction

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Copyright © 2010 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.