Chase mortgage loan repayment program or unpunctually foot?

I have a mortgage through Chase that I am currently behind on (45days) due to a severe discharge cut at work. I called Chase to see what my options be for trying to get caught up (hoping I could post-date a check, pay cheque partial etc...) when they told me my only option be foreclosure or a "loan repayment program." This program will allow me to skip my mortgage for last month and then would increase my mortgage by $150 for the subsequent nine months until the difference is paid. But the whole time my credit will show defaulting.
What is the benefit in enrolling surrounded by this program versus skipping last month and paying additional $150 for the subsequent nine months without enrolling? I simply don't see the point if my credit will show default either path. Any advise is appreciated.
Answers:
the difference is only down time your credit score will be affected.

if you embezzle program your past due mark on credit report will stop hastily. Your credit report will no longer show you are past due on mortgage loan.

If you go the other bearing your credit report will show you are delinquent on your mortgage loan for another 9 months. This will take longer for your credit score to get better.

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