Foreclosure is not the most cheerful thing to think about, but it is an element of reality every homeowner should be aware of and comprehend fully so they can avoid it. If you have missed more than three mortgage payments, or your lender has filed a Notice of Default (NOD), you might think the loss of your home is inevitable. All is not lost once you get a notice of default! Even at this stage, you still have some alternatives to stop the foreclosure process, there are five strategies you can use. Your rights and options vary depending on what stage of the foreclosure process your home is in.