The first step to avoiding foreclosure is to seek help. Contact HUD and your local government for resources to help you avoid foreclosure. A number of resources are available for homeowners facing foreclosure.
The second step is to contact your mortgage broker and see if you can re-negotiate your rate or inquire if you’re available for foreclosure protection. If you are eligible, you will be able to re-negotiate your debt and save your home.
The third step is to continue paying off your mortgage and try to reduce other auxiliary debt. Transfer high-interest credit card balances to one account and continue to pay down the bills as best as possible, but remember you must pay your mortgage. If you miss more than 3 payments, you could lose your home.
