Stop Foreclosure Florida
Did you know there are several programs that can help save your Florida home and stop the impending foreclosure? Loss Mitigation Agencies, such as ours, are experts in these programs and have assisted thousands of homeowners by providing straight answers and viable solutions.
Sometimes things beyond your control can put you into a financial bind that makes it hard to keep up with your mortgage payments. Don't let a missed mortgage payments in Florida FL turn into default, mortgage foreclosure or eviction.
You and your family can rely upon us to provide guidance, comfort and assurance through this current situation. Let us reduce your stress and put you at ease.
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Florida FL Foreclosure Laws
All mortgages in the state of Florida are foreclosed using the judicial foreclosure process.
Judicial Foreclosure
All foreclosures in Florida start with the filing of a lawsuit. After the borrower has been served with notice, they must come to court and defend their rights. The lender will try to prove that foreclosure action is required because the borrower has not made the necessary payments and is therefore violating Florida’s equity laws.
In the court order, it will be specified as to how and where the foreclosure will occur. The lender or their representative is responsible for placing (if applicable) the legal advertisement, publication, or notice in the newspaper as it relates to the foreclosure proceeding.
The right of the borrower to redeem ends at the foreclosure sale (or at whatever other time specified by the court). After the sale, the court reviews the sale to ensure that a fair price was paid for the property. It is during this time period (generally 10 days) that parties are allowed to object to the sale on the basis that proper procedures were not followed, or for example, collusion between bidders occurred. If the sale is confirmed without issue, the Certificate of Sale is filed and title passes. Another sale is ordered if the sale can not be confirmed. (Reference F.S. Chapter 702)
Legal Information Is Not The Same as Legal Advice
This site provides information about Florida state foreclosure law designed to help users safely cope with their own legal needs and possible find alternatives. Everyone's legal status is different. The laws of every state are in constant change and we recommend you consult a lawyer.