Foreclosure happens to a lot of homeowners.  People find themselves in financial difficulty and they just cannot make their home loan payments for a period of time.  A lot of people file for protection under the Bankruptcy Code primarily to save their house.

Once you have defaulted on your home loan, your lender will file a deficiency notice and begin the foreclosure process.  You can stop this process by filing bankruptcy and you can save your home by providing for the arrearage through your bankruptcy.  Bankruptcy can save your home and bring your loan current.  Until a trustee sale has occurred, you still have time to save your home.