A foreclosure can occur for a many of reasons, things like a

person losing their job, or someone getting hit with an disease,

 or an unexpected death in the family, also a change in the

interest rates any of these events can found in the way of

 people being able to continue based their mortgage

payments. If a home owner can't take up with the payments,

 the borrower puts the property in foreclosure.

The first step by foreclosure usually happens

 when the lending the company notifies the owners in

writing that they are in by default payment. In most cases,

 the lender will bring in an lawyer to start the foreclosure

 process after three continuous payments are missed.