Foreclosure is a word that many people don’t want to hear,
leave alone imagining it happening to them. However, at one time or
another, many will find themselves staring foreclosure in the face due
to financial hardships. The good news is that there are strategies which
you can use to get foreclosure help.

Besides finding a short sale buyer, the homeowner could also consider
bankruptcy vs foreclosure. Though stopping foreclosure is not easy, you
can save your home if you have the right information. Foreclosure is a
long process which gives the homeowner many opportunities to deal with
their debt and avoid foreclosure.

The first contact with the lender or bank does not necessarily
constitute part of the foreclosure process. When you miss several
mortgage payments, it isn’t too late to redeem your home. If you haven’t
received a notice of foreclosure from your bank, the process has not
formally begun. Therefore, you still have time to turn things around.
First, make sure you respond to the letters and phone calls that you
receive regarding your late payments. Though this might be painful, it
won’t be as painful as having property taken away from you. Call the
lender or your bank.

You might be pleasantly surprised to find that they are willing and
ready to offer foreclosure help. At times, a response from you is all it
takes to avoid foreclosure. After you have contacted the lender or the
bank, you should be ready to agree on a payment arrangement. Inform the
bank how much you are able to pay on a weekly basis. Regardless of the
amount, the bank would be willing to consider it as long as you fulfill
the scheduled payments. Though it might take some time, you will
eventually be able to cover your late payments. Foreclosure is the last
option for the bank. Therefore, take advantage of all the chances for
foreclosure help which are available, including finding a short sale
buyer, or considering bankruptcy vs foreclosure.

In the event that you receive a notice of foreclosure, there is still
some hope to avoid foreclosure. If you settle the debt with your lender
or bank, you might still be able to retain your home. At this stage,
the bank might demand full payment of the debt. You will then need to
hire a foreclosure attorney to handle such issues on your behalf. An
attorney can help you set a schedule of payment which will satisfy the
bank, but won’t leave you broke. Attorneys relieve homeowners of the
stress of negotiation. They also ensure the protection of your rights
while exploring every possible opportunity of saving your home from
foreclosure. If everything else fails, you could actually go to the
auction for your house to bid on it. As long as the home sells, the bank
or lender doesn’t care who the buyer is. You should take advantage of
every chance to get your house back.