How Can I Stop Foreclosure?

There are many Americans these days who are asking, “Can I stop foreclosure?” They don’t know where to turn, and unfortunately most of them wait too long before doing anything.


First of all, do not move out of your home. You may feel that by abandoning your property that you are doing the right thing, but it will make you illegible for various government programs that could potentially help you. Besides, if you do move out of your home, you will still be liable for the mortgage, and whatever rent you are now paying.

If your spouse is bothering you, asking “Can I stop foreclosure before it happens to us”, then tell them that the best thing that they could do would be to do a monthly budget. Find out if staying in your home is actually realistic. Create a list of all your monthly mandatory expenditures – food, mortgage, insurance, and utilities – and then start adding in all the others. If you find that you still can’t make ends meet, then you will need to start cutting back. But, the first bill that you always pay should be your mortgage even if that means not paying your credit cards in full.

Finally, don’t bury your head in the sand! People get scared when their lender calls and when court papers start to arrive in the mail, it can be frightening. But, trying to imagine that it all isn’t happening to you will not make it all go away. If you want to know, “Can I stop foreclosure,” then the answer is “Yes”, but only if you move quickly, do the right things, and get the help you need to do it.