Foreclosure is an action of last resort that banks and other financial institutions take as a way of recouping the money you owe them. Obviously, the number of foreclosures increases during difficult economic times, but even in the best of economic environments, homeowners can face foreclosure due to reasons like job loss and major medical expenses. Because there are so many different reasons for a homeowner to fall behind in making payments, there is no one solution for every foreclosure filing. But there are steps all homeowners can take to give themselves the time and the resources to save their home.The first thing to do is talk to your lender early on, when the first signs of trouble show up. Many homeowners are embarrassed or feel that because they dont have a solution, they have nothing to say to their lender. Nothing could be further from the truth. Ask your lender to recommend resources and solutions for you. You would be surprised how far a lender will go to help you avoid foreclosure if they feel you are on board to solve the problem.Tips for Avoiding ForeclosureEach homeowners situation is a little different, but there are a few primary reasons for foreclosure that most homeowners have in common. Learn some of the signs that you may be in danger of a foreclosure and what you can do to change your situation. SavingAdvice.com: Home Foreclosure - Common Reasons It HappensFreddie Mac: What Are the Warning Signs of Foreclosure?The worst thing you can do when foreclosure is a possibility is to do nothing and hope the situation magically gets better. As we mentioned above, talk to your lender early and often about options.