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.

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