If you have a home mortgage and fall behind on your payments, the mortgage holder may declare the loan in default and begin foreclosure proceedings. In addition, the debt will be what is known as 'accelerated,' meaning that the entire balance, not just your monthly payment, is due in full immediately. You'll be sent a notice of foreclosure proceedings. One option to avoid foreclosure is to contact HUD (HUD), the federal Department of Housing and Urban Development, for assistance with your mortgage. This may temporarily delay foreclosure while HUD reviews your file. Another option is trying to renegotiate terms with your lender. Unless you're able to re-negotiate the loan, in order to stop foreclosure you'll either have to pay off the balance or file bankruptcy. If you decide to file for bankruptcy, you must do so prior to the foreclosure sale, in order to halt foreclosure. If you successfully file Chapter Thirteen, you'll be given a reasonable period of time to bring your loan payments up to date and save your property. For more information on avoiding foreclosure on a home, contact a bankruptcy or real estate attorney.