People may face foreclosure for many reasons. Extreme changes in life situations such as death, divorce, prolonged illness and many others-or because they must immediately relocate or have lost their job. Foreclosure can occur when payments become three to four or more months late, depending on the mortgage terms. The most important thing to do if you think you may be having trouble making your payments is to contact your lender, by telephone or at their website. Your lender has representatives available to discuss your situation in detail and explore your options.