Foreclosure is a legal process by which a person usually obtains an ordered termination from the court for obtaining mortgagee. usually a person who has taken loan from another person and has given his house or any other asset as mortgagee and is unable to pay back the money to the loan in the given time period then the lender usually obtains a court order and takes his asset. This is foreclosure. Foreclosure may be of two types-foreclosures by judicial sale, foreclosure by power of sale. There are other types of foreclosure, which is considered as minor because their availability is limited. Often the assets that are foreclosed are auctioned under the strict vigilance of the state government. Hence taking loans in lieu of any assets like house etc should be avoided. There are certain steps loan to stop foreclosure and they should be followed to stop loss of money and valuable assets. There may be certain reasons why a person is unable to make payments at the correct time. There may be certain death in the family, there may be sudden loss of job, or there may be any other personal problems. The persons in debt should always be aware of the fact that ignoring any letter from the lender or feeling embarrassed in taking with the lender will put that person in even more bad situation and things will grow from bad to worst. Some lenders might be helpful and agree to wait for sometime before taking any court action against the borrower, which is called forbearance. Again if the borrower has missed a payment or two then the lender might oblige the borrower and this is called debt forgiveness. Again, if the borrower misses a payment then the lender might adjust that money with the money of the upcoming months. Often a borrower might take loan from the bank to pay the money to the lender and save his or her assets. A foreclosure loan, which is used loan to stop foreclosure most often, means a refinance loan. These loans can be very effective in stopping foreclosure but on the other hand, they are very hard to get unless the borrower has 30% or more equity in the home. Some borrowers even look for a personal loan but unfortunately unless their credit scores remain very good these loans fail to work. Hence, a borrower must keep in mind certain things to save their assets from being foreclosed. Firstly, they should save money for any emergency that may arise anytime. Secondly, every borrower should keep in mind that they should not miss any mortgage payment; thirdly, borrower should never feel ashamed for asking any help from the lender and never ignore the lender at any cost. Fourthly, the borrower should never spend what money they have on paying other bills. Hence, it is very easy to stop foreclosure. All it needs is little self-belief and self-control and the ability to overcome every problem to save one's ever loving assets from being auctioned.