Like most homeowners mired in financial crisis who fear that they may lose their homes, you are probably looking for a way to stop foreclosure fast. After all, your family's home is a big part of your life, and the threat of having it ripped away can be emotionally devastating. Unfortunately, once your lender has initiated formal proceedings in the case, there are few reliable options available to help stop foreclosure fast. The only surefire method to get out of the foreclosure process once it has been started is to secure the funds necessary to pay off your missed mortgage payments and any other fees and penalties that have you mired in arrears with your lender. That's why it is absolutely vital for homeowners who are facing a difficult financial situation to contact their mortgage lenders as soon as possible and attempt to work out a payment plan or another temporary arrangement. The only foolproof way to stop foreclosure fast is to prevent it from happening in the first place. However, even if your lender has already initiated formal foreclosure proceedings, don't hesitate to contact a bank representative and raise the possibility of working out a solution. With many lenders deluged by a tidal wave of foreclosure cases, your bank may be more amenable to compromise than you might expect.