Foreclosure is the legal process through which a lender receives compensation for forfeiture of a mortgage or other form of debt secured through the means of a lien. Foreclosure terminates the right for the borrower to retain the property, real or otherwise. Foreclosure is the consequence of failure to meet the agreed upon payments. The court process allows through foreclosure, the right to repossess and sell the property attached to the lien to satisfy the specific debt. Foreclosure may involve a forced or judicial sale. This specific type of foreclosure is a judicial or court supervised sale of the property. Foreclosure can also be a power of sale. This latter type depends upon the inclusion of specific clauses within the lender's contract or agreement. These are the 2 most common types of foreclosure, although there are others. How stop foreclosure involves talking to and reaching a deal with the creditors and lenders involved.