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My mother-in-law has asked us for loans in the past. We don't loan money to family, but if it's possible, we'll give her what she's asking for as a gift. If she can or will give it back eventually, that's fine, but it leaves us with no bad blood or obligation hanging over the relationship.
Not that I'm saing you should do that, but... if it's going to end up being a gift anyway, you may as well call a spade a spade.
Also, banks don't forclose because you forgot one payment. They forclose because you're several months behind and have a history of nonpayment.
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