If you've lost your job due to COVID-19
Normally, lenders aren't so quick to agree to forbearance, but these days, many are being much more flexible. If you've lost your job during the ongoing crisis, reach out to your lender, explain what's happened, and ask for that option.
Thanks to the recently passed CARES Act, homeowners in the midst of a financial hardship can now request up to 180 days of forbearance on a mortgage. But talk to your lender about what that entails, because the specifics can vary depending on the type of mortgage you have and who issued it.
For example, in some cases, the payments you put off during your period of forbearance may all come due simultaneously once that period ends, so make sure you understand exactly what relief you're getting. Also, during forbearance, interest may or may not accrue on your mortgage -- it depends on your loan servicer.
Losing a job after signing a mortgage is a panic-inducing event. Right now, a lot of people are without jobs, so there's more relief to be had, but even during periods of normalcy, you still have options that don't include throwing your hands up in the air and resigning yourself to foreclosure. The key is to talk to your lender and ask for help rather than assume that you're not entitled to any.