Philip and Denise Powell lost their home in 2011 after Philip's hours as a pastor were cut in half and Denise was sidelined by a surgery. But they were determined to become homeowners again, so they rolled up their sleeves and got to work.
The Highland, California, couple got financial counseling. They took control of their credit reports, tackled high-interest debts and cut spending. In 2015, they bought another home.
"We thought we'd never recover," Philip Powell says, recalling the devastation they felt after losing their home. "No one in California was ready for the crash; it hit us hard."
Their story is typical of the more than 9.3 million...