Missed payments are how the clock starts
One missed payment is not the auction. It is how the file starts. Late fees start. Default interest starts. The letters start. People ignore the letters until a notice of sale shows up, then they act shocked at the date.
By then the lender’s fee stack is already eating whatever equity you thought you had. The auction will not politely hand you the rest. A sale now is how you get out as the seller instead of waiting to see what is left.
We buy Houston-metro houses. Tell us the loan and what is going on with the house.