It’s not your fault.
Becoming delinquent on your mortgage can lead to feelings of shame and embarrassment. Most homeowners who are behind on mortgage payments are honest people who never thought they would find themselves in this situation. They are victims of the larger economic crisis.
The vicious cycle of mounting debt.
Many people who find themselves unable to make one or two mortgage payments try to do the right thing by paying them by credit card. However, if things don’t improve, they soon find themselves on a downhill spiral of higher interest rates and mounting debt.
Stop the cycle while you still have options.
As your debts mount, it may be hard to get motivated to take action. However, the earlier in your delinquency that you start investigating options, the more chance you have of avoiding foreclosure and saving your credit score.