Yes. There are a number of ways to modify the terms of your loan if you are having trouble making payments and facing a foreclosure proceeding. A mortgage loan modification allows a tenant to renegotiate the terms of his or her lease with the lender and to execute a new mortgage agreement. Many borrowers often find themselves unable to make sufficient payments on their loans due to the interest rate. Through a loan modification, the borrower can renegotiate the interest rate or agree to modify the interest rate from a variable rate to a fixed rate. Also, during the negotiation process the lender may agree to lengthen the repayment term of the loan, providing the borrower with more time to make payments.Another tool available to homeowners wishing to avoid foreclosure is a refinancing deal. Unlike a mortgage, in which the parties renegotiate the terms of an existing mortgage, a refinancing deal involves replacing the existing mortgage with a new mortgage featuring different terms. Additionally, homeowners may file for bankruptcy to avoid a foreclosure proceeding. Once a bankruptcy proceeding has been initiated, the lender must cease any foreclosure-related activities. Bankruptcy proceedings typically provide borrowers with methods for protecting their real estate and establishing a new repayment plan.