<ul><li>Foreclosure is a judicial process where the lender files a claim to sell the house when a Calgary homeowner fails to make subsequent payments against the debt.</li><li>The common reasons that trigger foreclosure are the loss of a job, reduced income, medical emergencies, overspending, or credit card debt.</li><li>The foreclosure procedure goes through stages including notice, legal notice, foreclosure claim, and property sale.</li><li>To stop foreclosure, homeowners can reassess their finances, negotiate with the lender, explore refinancing options, or sell the property before foreclosure.</li></ul>

How to Stop Foreclosure? The Process and Finding Solutions

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