Every day, thousands of people in America realize that they will not be able to make the next mortgage payment. Chances are, you can still take on some type of loan, or second mortgage that uses your home as collateral. Unfortunately, if you are already in foreclosure proceedings, this may not work for you. 

Basically, if you can get a second mortgage, you will have a situation where two lenders are holding the deed to your property. If you pay one, chances are, they will not be willing to foreclose on you. As a result, the other lending company cannot touch your home. The second mortgage holder can be a private company or person.  You will need to check the foreclosure laws in your state and discuss this with a competent lawyer. The important thing is to make sure your second lender will not foreclose on you and that you can keep up with your repayment plan.    

In order to prevent foreclosure, you may need to take loans at higher interest rates, be in debt for a longer amount of time, and cut back on other bills and expenditures. As long as you still have your home, you can maneuver out of all of these other issues. If you seek stop foreclosure help, chances are the counselors will tell you this is the wrong way to go. That said, you have only to look at the number of people that have lost their homes to realize that many of them must have also tried counseling programs in order to prevent the loss of their property.