The foreclosure process isn't something any homeowner wants to go through. And yet, the Mortgage Bankers Association estimates that 250,000 new families enter into foreclosure every three months in America.
So how does a foreclosure work? Does a foreclosure always mean a lender will take away your home?
Here's a look at the steps a homeowner will likely go through—plus some ways to get off this train and stop the foreclosure process from happening.