COVID-19 has a lot of small business owners and homeowners worried about foreclosure and repossession. In fact, failing to make payments on your mortgage or other secured loan may mean the bank will look to the collateral to cover the debt. However, that is not inevitable even if you do fall behind on your payments. The truth of the matter is that lenders are not rushing to foreclose or repossess. Lenders certainly expect you to make your payments. However, your financial failures are not their get-rich strategy.