Lending institutions typically attempt to foreclose on a mortgage whenever a borrower falls behind in payments.

Name: Lending institutions typically attempt to foreclose on a mortgage whenever a borrower falls behind in payments.
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Lending institutions usually consider foreclosure as a last resort and often work with borrowers to find solutions to avoid foreclosure, such as loan modifications, repayment plans, or forbearance agreements, when they fall behind on payments.

Lending Institutions Typically Attempt to Foreclose on a Mortgage Whenever