The foreclosure crisis is a crisis of invisibility.
In the peak years of the foreclosure crisis, from 2007 to 2012, almost one American adult in twenty lost a home because of inability to afford the mortgage payments. That amounts to more than ten million people. Today, foreclosures continue to hamstring dreams of homeownership—and as of 2013, the rate of foreclosure in the United States was still hovering near a record high.
It is easy to forget that every vertical inch on this line graph represents hundreds of thousands of homeowners, each receiving an official notice that a banking institutions has initiated legal proceedings to repossess their home. But each and every foreclosure is the end of someone’s personal story.