When it comes to mortgages, don’t play with the bank’s money — or you risk undergoing foreclosure.

Amazingly, according to a press release, foreclosures throughout the United States were at an all-time low in 2021 — despite the devasting effects of the pandemic. The press release, which was dropped by ATTOM — a company that collects foreclosure data throughout the United States — reveals that just over 150,000 properties are in default as of 2021. Illinois and Florida, however, are the two states in the union that have the highest rates of foreclosure, and one in approximately 7,600 properties throughout the United States faced a potential filing in 2021.

“The COVID-19 foreclosure tsunami that some people had anticipated is clearly not happening,” said Rick Sharga, executive vice president at RealtyTrac, an ATTOM company, in a statement provided in the press release. “Government and mortgage industry efforts have prevented millions of unnecessary foreclosures, and while it’s likely that we’ll see a slight increase in the first quarter, we probably won’t see foreclosure activity back to normal levels before the end of 2022.”

Now, while those numbers are subject to change — especially if things don’t pick up in a post-pandemic world — it’s not just regular people that face this risk. These celebrities all faced foreclosure at some point in their career — so if you, too, are facing this prospect, take comfort in knowing that you aren’t alone (It’s also essential to get an attorney to represent your rights — and the sooner, the better).

But to avoid it all in the first place, experts suggest that you live at, or below, your means — no matter how much money you may, or may not, make.

Let’s take a look at how these stars got through it — and how, ultimately, it worked out for them in the end.

Foreclosure

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