Am I going to receive a letter from the attorney to evacuate my house?

by oliver on September 30, 2010

Question:

Am I going to receive a letter from the attorney to evacuate my house?

I stopped paying my mortgage in June, and I have to intention of keeping my house, I was wondering if I am going to receive a letter from the attorney to evacuate my house? I live in Florida and can’t find anything online that shows the foreclosure process, I would like to know if I am going to get notify or if someone going to come to my house for eviction from one day to another?

Answer:

First, your lender or the bank will send you a notice of default, usually after two to three months of late payments. If you cannot work out any agreement with your lender in order to prevent the process of foreclosure, they will place a notice of liz pendens on your property. This legal notice will remind you that they are starting the foreclosure process over your property. After some time, you will receive another notice which is the notice of sale, informing you that your house will be sold at a scheduled date, time and location.

Usually, this notice is given 2 to 4 weeks prior to the actual date of the foreclosure sale. A copy of this notice will also be posted on your local newspaper to inform the public of the sale. During the sale, the property will be sold to the public thru an auction wherein the highest bidder will be the one to take over the house. After the auction, the new owner will have the capability to repossess the house. If you are still staying in the property after the sale, a notice of eviction will be sent to you, ordering you to leave the premises at once.

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