Foreclosure Prevention:
What to Do If You’re Falling Behind
Are you struggling to keep up with your mortgage? You’re not alone. Foreclosure can feel scary, but you have options, and help is available. At B’resheet, we believe in empowering families to stay in their homes, preserve their legacy, and find hope in hard times. If you’re falling behind on payments, this guide will walk you through practical steps you can take to prevent foreclosure and protect your future.
What Is Foreclosure and Why Does It Happen?
Foreclosure is the legal process where a lender takes back your home after you’ve missed too many mortgage payments. It can happen for many reasons, such as:
- Job loss or reduced hours
- Unexpected medical bills
- Divorce or family emergency
- Rising interest rates
- Lack of financial literacy or support
The good news? Foreclosure is preventable—especially when you act early.
First Steps to Take If You’re Falling Behind
Contact Your Lender Immediately
Don’t wait. The sooner you contact your mortgage servicer, the more options you’ll have. Ask about:
- Forbearance
- Loan modification
- Repayment plans
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Know Your Rights
Visit HUD Exchange to learn your legal rights as a homeowner. Every state has different timelines and protections.
Speak With a HUD-Approved Housing Counselor
B’resheet partners with HUD-approved counselors who will help you:
- Understand your mortgage terms
- Create a budget
- Explore government assistance programs
Find one near you at HUD ExchangeÂ
Long-Term Options to Avoid Foreclosure
Apply for a Loan Modification
This adjusts your loan terms—maybe by lowering your interest rate or extending the repayment period.
Request a Forbearance Plan
This temporarily pauses or reduces your mortgage payments while you recover financially.
Refinance Your Mortgage
If your credit is still good, refinancing might give you better terms and lower payments.
Frequently Asked Questions
How many months behind on my mortgage before foreclosure starts?
Usually 3–6 months, but it varies by state. Contact your lender immediately if you’ve missed even one payment.
Can I stop foreclosure once it has started?
Yes! You can often stop foreclosure with a loan modification, repayment plan, or by catching up on payments.
What if I’ve already received a foreclosure notice?
You still have options. Speak with a housing counselor and act quickly. There may be time to negotiate with your lender.
Will foreclosure ruin my credit?
Foreclosure does damage your credit, but rebuilding is possible. Avoiding it or stopping it early can reduce the impact.
Foreclosure Prevention Tips
1. Can I sell my house to avoid foreclosure?
Yes, selling before foreclosure is finalized can protect your credit and give you a fresh start.
2. Are there any grants to help with mortgage payments?
Some states offer relief through the Homeowner Assistance Fund (HAF). Check your state housing agency.
3. What documents do I need to ask for help with?
 Prepare your income statements, mortgage details, household budget, and a hardship letter.
4. Can B'resheet help even if I live outside Virginia?
Yes! We offer virtual consultations and partner with national housing support networks.
How B’resheet Can Help You
At B’resheet, we support families through life’s hardest financial moments. If you’re behind on payments or facing foreclosure, you don’t have to go through it alone.
âś… Free housing consultations
âś… Financial education workshops
âś… End-of-life and estate planning for long-term stability
đź“© Contact us for a free, confidential conversation.
