The best way to avoid foreclosure is to prevent the filing of a "Notice of Default." Lenders do not want to foreclose but will file a Notice of Default to protect their interests, if necessary. If you know you are unlikely to meet your mortgage obligation, call your lender. Many lenders work and live in your local community and they don't want to see you lose your home. There are several options available to avoid foreclosure that I will share in upcoming blogs.