1.  Cure the loan- This involves bringing your mortgage payments current. This will involve paying all past due interest, principal, late fees, and all additional fees applied due to foreclosure.

2.  Loan Modification or Mitigation- Working with your mortgage company by modifying the terms of your loan could provide you with more manageable monthly payments.

3.  Quick Cash Offer- Your property is sold swiftly to an investor for cash, allowing the homeowner to avoid prolonged legal processes and rescue your equity. This route is especially beneficial for those needing immediate relief from mounting debt.

4.  Traditional Sale- Homeowners list their property with a real estate agent. Although this method may take longer, it potentially allows homeowners to receive a higher price for their home. However, they must be prepared for the costs associated with repairs, staging, and closing to make the property appealing to buyers.

5.  Short Sale- This can be a viable solution for homeowners unable to sell their home for the full mortgage amount or higher. By negotiating with the lender to accept a lower selling price, homeowners can avoid the foreclosure process and reduce the impact on their credit score. This process, however, can be lengthy and requires lender approval.

6.  Bankruptcy- Can provide a temporary halt to foreclosure proceedings while homeowners restructure their debts.

7.  Deed in Lieu of Foreclosure- Allows homeowners to voluntarily hand over their property to the mortgage holder in exchange for the release of their mortgage debt.

8.  Allow Foreclosure (with Excess Funds)- If homeowners have equity built up in their home, all excess funds after the payoff of the foreclosure, will be returned to the homeowner by the Public Trustee.  It is important to keep in mind that the homeowner must apply for these funds, otherwise these funds might not be returned.