A more thorough explanation:

Mortgage delinquency is when a homeowner is late on their mortgage payments. This can happen when the borrower doesn't have enough money to pay their mortgage or forgets to make the payment. After a certain amount of time (usually 30-60 days), the lender may start foreclosure proceedings. This means the lender might take back the property or add late fees which will negatively impact the borrower’s credit.

John has a mortgage on his house. He lost his job and couldn't make his mortgage payment for two months. He is now delinquent on his mortgage. The lender may start foreclosure proceedings and take back the property if John doesn't catch up on his payments.

Another example is when Sarah forgets to make her mortgage payment for a month. She is now delinquent on her mortgage. If she doesn't make the payment soon, the lender may add late fees or start foreclosure proceedings.

These examples illustrate how mortgage delinquency can happen and the consequences that come with it. It's important for homeowners to make their mortgage payments on time to avoid foreclosure and negative impacts on their credit.