Are you a homeowner who is significantly behind on your monthly mortgage payments? If so, the first thing that you should do is contact your mortgage lender to discuss the circumstances of your situation. Contrary to popular belief, most lenders do not want to pursue the foreclosure process, which often turns out to be a money-losing proposition from their point of view. If adverse circumstances have sent your finances into free-fall, your lender may be more flexible than you think when it comes to negotiating an alternate payment plan that will help you get back on track. However, if you are looking for a solution that involves a settlement or forgiveness of your mortgage loan, that is unlikely to occur unless extreme circumstances exist. As such, it is best to pursue a solution such as an alternate payment plan. Talk to a housing rights advocate in your community for assistance and additional information.