There are many legitimate ways in which a borrower can fail to make payments on their loans. The borrower could have had an illness or personal injury, lost their primary source of income, experienced a death in their family, and so on. In the case of homeowners who have an outstanding mortgage on their home, this can be a serious matter. In addition to financial hardship, the threat of foreclosure can cause significant stress and anxiety that may further hinder the borrower’s capacity to repay their outstanding debt. https://www.straffilaw.com/loan-modifications/