When trying to determine the best course of action in how to avoid foreclosure, many people are overwhelmed by all the information being given to them. In some states the foreclosure process can be very long. In places like Florida, the foreclosure process can take six months or longer. The number one rule in how to avoid foreclosure is: The sooner you begin to search for a solution, but more options you will have. These options include: leasing your property, selling your property, catching up the payments and remaining in your property, or as a last resort filing bankruptcy. As time goes on your options become fewer and fewer. When you’re only one or two months behind, your lender is generally more apt to work with you. If you have recently become unemployed and cannot possibly make your mortgage payments this is the time to think about leasing your house out. With a renter in the property paying the rent you will be able to cover your mortgage payment and avoid foreclosure while keeping your asset and possibly being able to return to it someday.

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