A homeowner could pursue a few options to stop a reverse mortgage foreclosure. One option would be to sell the property before the foreclosure process is completed. While the timeframe varies from state to state, the foreclosure process usually takes several months to conclude legally, giving the homeowner enough time to sell the property in some cases. Another option would be to refinance the loan to another type of loan product (if possible) or pay off the outstanding balance with other funds. Lastly, the homeowner could pursue options with the servicer to rectify the situation. If rectified promptly, it may be possible (not guaranteed) to cure the default and reinstate the loan into good standing. An example of a timely rectification would be a missed tax payment due to a hospitalization or other extenuating circumstance that could be rectified relatively quickly.