How to Affordably Save your Home
In general, the foreclosure process can begin when the owner of a property (either domestic or business) can no longer meet payments of their mortgage. The process has many stages, which begin when the owner fails to make a few monthly mortgage payments without notifying the lender.
Various correspondences are then sent to the homeowner to give them a chance to make payment or discuss the circumstances with their lender. If these notifications are ignored, the foreclosure process can get more severe. If you are going through foreclosure proceedings, you might consider hiring a foreclosure attorney to help with the legal aspects. They can advise what is best to do and which course of action to take to prevent you losing your property.