What Options Does A ��Homeowner�� Have When Facing Foreclosure? Option 1:? ?Contact the Lender and ask for help before falling behind on payments!? Many homeowners assume that the Bank will not help them restructure payments or modify their mortgage. Although there is no guaranty that the lender will assist the homeowner, this is still the first place to start.? If there is little or no equity in the house the homeowner may decide to give the Bank the property...... Similar Editorial : by chammer123. | Source : Bank Foreclosed House