How to Prevent Foreclosure on Your Home

Foreclosure is the legal process a lender uses to acquire a borrower’s property after the borrower has failed to meet the mortgage contract obligations. The lender seizes the property and sells it to pay off your mortgage. Foreclosure can ruin your credit rating for years. This publication discusse...

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Main Authors: Judy Corbus, Johanna Gomez-Gonzalez, Michael Gutter, Virginia Peart
Format: Article
Language:English
Published: The University of Florida George A. Smathers Libraries 2023-01-01
Series:EDIS
Subjects:
Online Access:https://journals.flvc.org/edis/article/view/130990
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author Judy Corbus
Johanna Gomez-Gonzalez
Michael Gutter
Virginia Peart
author_facet Judy Corbus
Johanna Gomez-Gonzalez
Michael Gutter
Virginia Peart
author_sort Judy Corbus
collection DOAJ
description Foreclosure is the legal process a lender uses to acquire a borrower’s property after the borrower has failed to meet the mortgage contract obligations. The lender seizes the property and sells it to pay off your mortgage. Foreclosure can ruin your credit rating for years. This publication discusses steps to take to prevent foreclosure on your home. Written by Judy Corbus, Johanna Gomez-Gonzalez, Michael Gutter, and Virginia Peart, and published by the UF/IFAS Department of Family, Youth and Community Sciences, revised December 2022.
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spelling doaj-art-e3fee39554714a9a992ece4c6cf58ca42025-02-08T05:41:53ZengThe University of Florida George A. Smathers LibrariesEDIS2576-00092023-01-0120226How to Prevent Foreclosure on Your HomeJudy Corbus0https://orcid.org/0000-0001-7053-8904Johanna Gomez-Gonzalez1Michael Gutter2Virginia Peart3University of FloridaUniversity of FloridaUniversity of FloridaUniversity of Florida Foreclosure is the legal process a lender uses to acquire a borrower’s property after the borrower has failed to meet the mortgage contract obligations. The lender seizes the property and sells it to pay off your mortgage. Foreclosure can ruin your credit rating for years. This publication discusses steps to take to prevent foreclosure on your home. Written by Judy Corbus, Johanna Gomez-Gonzalez, Michael Gutter, and Virginia Peart, and published by the UF/IFAS Department of Family, Youth and Community Sciences, revised December 2022. https://journals.flvc.org/edis/article/view/130990foreclosure preventionhomeownership
spellingShingle Judy Corbus
Johanna Gomez-Gonzalez
Michael Gutter
Virginia Peart
How to Prevent Foreclosure on Your Home
EDIS
foreclosure prevention
homeownership
title How to Prevent Foreclosure on Your Home
title_full How to Prevent Foreclosure on Your Home
title_fullStr How to Prevent Foreclosure on Your Home
title_full_unstemmed How to Prevent Foreclosure on Your Home
title_short How to Prevent Foreclosure on Your Home
title_sort how to prevent foreclosure on your home
topic foreclosure prevention
homeownership
url https://journals.flvc.org/edis/article/view/130990
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