If you are behind on a mortgage payment, then you may want to shop around. Some homes and land, can be bought for a cash price, and you would not owe the bank.
Foreclosures are bad business. Many people have lost their homes due to foreclosure in the past, as well as in the present. The land next to me, just went into foreclosure, and is expected to be in court within the next month. Foreclosures are happening everywhere, and people should be prepared for the future.