One of the best and most effective ways to appeal to you lender or a financial institution is by writing or sending a hardship letter.
Understandably, lenders are skeptical about letters or such pleas, so what you want to do is to come along with the evidence that you have about the claims you are making.
You had better be able to justify them; otherwise you could antagonize them that way.
After some investigation, if they find that your situation is a permanent one, the credit firm holding your mortgage may consider lower monthly payments or perhaps a lower interest rate.
Sometimes, they may agree to take a deed in lieu of foreclosure, a common enough practice for which they require probable cause.
However, they are certainly going to be more inclined toward a payment rather than go through the expense of foreclosure, which works well for you.
You are not quite off the hook yet, but from that point on you can breathe more easily.
It all begins with making the right pleas which justifiably provides evidence of your sudden or unexpected decrease in income or a sudden increase in expenses that were unavoidable enough to cause you to fall behind on your mortgage payments.
A job loss, a disability, divorce or death of your spouse, serious illnesses, forced lesser pay on the job, business failure; property tax increase, relocation, and all that also qualify you for this.
You really should explore your options to the most potential that you can.