No one wants to have their property under foreclosure process. It will always be a bad situation for the mortgager, no matter which way you cut it. Consider for a minute that most of the time, properties become foreclosed because the mortgagers bit off more than they could chew with regarded to a mortgage plan. So if you want to avoid  foreclosure process , you had better do your homework and make sure that any mortgage plan that you are about to take on is really something that you could wrap your arms around. Good planning is a must if you plan on taking a risky mortgage and foreclosure process.