Facing forclosure can be a very difficult reality.
The best thing you can do as a homeowner falling behind on your mortgage is to communicate with the bank.
They may be able to modify your loan or work something else out. They truely do not want to obtain your home at a sheriffe's sale.
U.S.Dept of Housing and Urban Developement on Foreclosures
http://portal.hud.gov/portal/page/portal/HUD/topics/avoiding_foreclosure
About.com regarding foreclosures, short sales, and REO's
http://video.about.com/homebuying/How-Do-Foreclosures-Work-.htm
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