{"id":369120,"date":"2016-04-04T10:47:15","date_gmt":"2016-04-04T15:47:15","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/realestate\/foreclosure\/avoiding-foreclosure.html"},"modified":"2023-11-08T17:55:50","modified_gmt":"2023-11-08T22:55:50","slug":"avoiding-foreclosure","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/realestate\/foreclosure\/avoiding-foreclosure.html","title":{"rendered":"Avoiding Foreclosure"},"content":{"rendered":"\n
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Avoiding Foreclosure<\/h1>\n
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\n By Eric Harvey, J.D.<\/a> | Legally reviewed by Katrina Wilson, Esq.<\/a>\n | Last updated\n
\n \n <\/i>\n Legally Reviewed\n <\/summary>\n\n
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This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with our editorial standards<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n\n

\n \n <\/i>\n Fact-Checked\n <\/summary>\n\n
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The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n

Homeowners who fall behind on their mortgage risk having their home taken away by the bank or lender in a process called \u201cforeclosure." Those who have been through foreclosure suffer a drop in their credit score. They must also wait a set period before buying another home.<\/p>\r\n

But foreclosure proceedings do not always lead to the loss of your home\u2014at least not right away. Fortunately, there are steps you can take to prevent foreclosure, including:<\/p>\r\n