10 Ways to Stop a Foreclosure

Foreclosure should be the last resort for you and your lender, because you both lose financially. See more real estate pictures.

Shelter is something most of us take for granted. But, in a tough economy, losing your home can be a very serious and scary reality. Regardless of the time and careful consideration most of us put into the decision to buy a home, unforeseen circumstances have forced many people into foreclosure. The large number of pages in your closing documents makes it easy to overlook -- or misunderstand -- the fact that your lender has the right to take your home from you if you're suddenly unable to make your payments. If you find yourself near that point, don't let fear of foreclosure push you even closer to losing your home. There are ways you can stop the foreclosure process. Foreclosure is the last resort for both you and your lender, because if your home goes into foreclosure, you and your lender both lose financially. Read on to the next page to educate yourself on 10 ways you can stop the process and stay in your home.