
What is a foreclosure?
After several missed payments, your lender can start the foreclosure process.
7 min read
Jun 18, 2025
Diane Costagliola is a contributing writer for Bankrate. Diane writes about homebuying, loans and personal finance.
After several missed payments, your lender can start the foreclosure process.
Your payments could go up drastically once the draw period ends. Here’s how to cope.