subject: What You Can Do To Avoid Foreclosure [print this page] Call your lender as soon as possible and have all your financial documents ready so you can discuss your loan. Also, contact the lenders mitigation department to find out if a payment option is available. Depending on your specific situation, lenders can offer retention options or liquidation options. Remember, it's in your best interests to talk to your lender instead of ignoring it until it's too late.