More than 2 million people have a foreclosed home, so it鈥檚 not the end of the world. Really! The 鈥淎merican Dream鈥 is a marketing slogan cooked up by bankers after World War II to sell to young families in newly developed 1950鈥檚 suburbs. The real American Dream, the one that drew so many immigrants to our shores, is about freedom. Freedom of thought and choice. Freedom from government, religion, education, science, or community having control over your thoughts and choices. It鈥檚 certainly not about a banking product, which is how lenders see your mortgage and home: merely a profitable product. In fact, it鈥檚 not a coincidence the term 鈥渕ortgage鈥 comes from Old French, meaning 鈥渄eath pledge.鈥
David Zalubowski/AP/File
A foreclosure sign tops a for sale sign in Denver in this 2010 file photo. More than 2 million Americans have a foreclosed home, so a foreclosure is nothing to be ashamed of.