After you miss a payment,
and the grace period has expired,
a lender can start the foreclosure process.
In today`s economic turmoil,
most lenders will make an effort to contact you and determine what needs to be done.
It is in the best interest of the lender,
as well as for you to try to reach an agreement that will keep you
in the house making payments.
To ease the situation make sure you promptly return phone calls,
This will demonstrate your desire to continuing making payments.