Stop Home Foreclosures has now become a menace to country's economical and social growth. People who are unable to pay the loan or participate in mortgage-fraud often end up facing home foreclosures. Owners who have bought the house taking loans and unable to pay installments might have to give away their houses by foreclosing. Some other circumstances that force the owners to stop making the mortgage payments may be-

• Sudden unemployment.
• Medical emergency or death in a family.
• Loss of other source of income.
• Excessiveness of debt obligation.
• Unable to pay if the floating interest rate goes high.

These situations may be responsible for the bankruptcy. People often face legal actions which end up in auction of their houses.  But there are some ways to avoid foreclosure of home. But before moving on to that segment first both the bank or the lenders and the owner of the house have to be more careful while making any mortgage loans. There are few solutions to stop home foreclosure.

• The first thing that needs to stop home foreclosure is to stop filling the notice of default. It is way for lenders to protect their interests. Lenders do not want the foreclosure at some instants but recurring of the same situation of payment default, they are forced to make the Notice of Default. Owners must not ignore this type of letters which can make it worse. But depending on the situation lenders might give the owner some other option for repayment. He can give you some more time for repayment and wait until the payment is done which is called forbearance. Also lender can make the installments of the loan in this way to payback the missing payments over a longer term. Lenders might also forgive the payments depending upon the situation which is surely a rare case.

                                   Lenders can also change the terms of one's loan so that he can arrange the repayment or lenders can also even make a separate loan to pay the mortgage loan providing the necessary circumstances.

Now the owners who don't want to make after these possible options could face the legal actions held by the lenders and might have to give away their houses. The possibilities of auction are surely predictable and to stop the foreclosure certain limited actions can be taken.

• Selling the home can be the best among all which will make a better deal for both the lender and owner. The valuation of the house can be done with the help of local real estate agents and to make the deal owners might have to seek for lender's permission.
• Owner who has a house which is less than the amount he owes can make a short sell which is also called pre-foreclosure redeemed.
• Owners a deal which can also sign a deal with the lenders which will make the lenders to forgive the mortgage and effectively cancelling the auction.

These are few actions owners can make to put a stop on the foreclosure of their homes. Nevertheless, these are entirely negotiable depending upon the circumstances.