Florida Foreclosure Law Summary
Mortgage state
Since Florida is a mortgage state, the property owner holds title --unlike deed of trust states that allow title to be held by a third party that is empowered to foreclose or take back a property when a mortgage is in default.
Judicial process
In mortgage states, property owners facing foreclosure must go to court to rectify the situation.
Timeline for Foreclosure in Florida
A home foreclosure in Florida can take about five to seven months or longer.
Notice of a Foreclosure in Florida
Foreclosure in Florida begins when the lender files a lawsuit (Lis Pendens) against the homeowner. The homeowners must be notified of the legal action pending and must file an answer within a certain period of time. Usually a process server delivers court papers to the Homeowner to be notified. If the homeowner does not respond, the court will make a judgment against the homeowner and set an auction date.
Foreclosure proceedings and Legal notices
A legal notice relating to a foreclosure proceeding is required to be placed in a newspaper, usually the petitioner's attorney places such ads, notices or publication in a newspaper or legal advertisement.
If tried in Florida the foreclosure dispute will be tried to the court without a jury.
In Florida the Lender may sue for a deficiency judgment to recover monies owed from the loan. This can vary if your house was a Homestead. Call us to find out more about this at 407-399-4100 for fast Foreclosure Help in Florida.
Timeline: About 180 days can vary
Judicial Foreclosure is Available
Allow Deficiency Judgments
Mortgage is the main Security Instruments
Florida is a Right of Redemption State.
There is a Redemption Period in Florida where the homeowner can redem the property but it must be before the sale date at the court house after which date has past, then you can no longer have a claim of ownership to the property.
Discover how to avoid the Foreclosure Auction of your house in Florida by Calling us to Avoid Foreclosure fast! 407-399-4100
Foreclosure proceedings and Legal notices in Florida, call us to get Help!
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Disclaimer: We are not Attorney's and can not give out legal advice. This is for informational purposes only