How to Avoid Foreclosure | Mortgages and Advice | U.S. News

Foreclosure is the process in which a lender repossesses your property due to missed mortgage payments. It can be initiated by a homeowners association or a governmental entity for unpaid dues or taxes. To avoid foreclosure, create a financial plan, communicate with your lender, consider a repayment plan or refinancing, and seek assistance from a housing counselor. If you're already in pre-foreclosure, options include forbearance, loan modification, deed-in-lieu of foreclosure, or selling your home.