How Many Mortgage Payments Can I Miss Before Foreclosure?

You can typically be delinquent on your mortgage for 120 days before foreclosure begins, though this varies by lender and market conditions. Generally, foreclosure starts after four missed payments. Lenders prefer to avoid foreclosure due to its costs and may offer options to help you stay in your home. The process includes a grace period, default status after two missed payments, and preforeclosure after three. Foreclosure can significantly impact your credit and may take several months to years to complete. Seeking help from housing counselors is advisable if you're struggling.