Stop Foreclosure in Florida

 


I. How to Stop Foreclosure in Florida

  • Step 1

    Contact your lender since this the best way to stop foreclosure. In Florida, contacting your lender and working a plan of payment is the best solution. The lenders would opt to make a deal with you so as not to foreclose the property since they also lose a lot of money from a foreclosed lot. They would gain more by adjusting your payment plan as compared to having it foreclosed.

  • Step 2

    Get in touch with a Florida company that can offers counseling in stopping foreclosures. Of course, you should avoid contacting scam companies so you should choose one that has a good reputation. Talk with their representative so as to guarantee that you will not be scammed.

  • Step 3

    Refinance your house. This procedure will take roughly around two weeks and as per Florida law, you are required to inform the court and the lender.

  • Step 4

    Sell your house. Get in touch with a real estate agent and ask for a short sale since it can be done in less than one month.Your agent will then talk with your lender so as to coordinate with what type of payment they are willing to accept. How much you can sell your property for will be dependent on where in Florida it is located. Like for example, if your house is situated in the Miami-Dade County, then you might sell your property for a little less than what you expect it to be. This is because there is a high density of foreclosed properties in the place so you have to put the price lower so as to sell it faster. Of course, all of this is done to prevent more damage to your credit by avoiding having it foreclosed.

  • Step 5

    Ask the court for a longer time period to pay your dues. In some instances, the Florida court will permit you an extra month or so provided that you can state your reasons as well as show proof that you can pay off your dues after the said amount of time. An example of this is getting laid off from the job and recently acquiring a new one. This will show that the reason for not paying was because of unemployment but you will be able to resume since you now have a stable job.

II. Synopsis of Florida Foreclosure Laws

Judicial Foreclosure Available: Yes

Non-Judicial Foreclosure Available: No

Primary Security Instruments: Mortgage

Timeline: Typically 180 days

Right of Redemption: Yes

Deficiency Judgments Allowed: Yes

In Florida, all mortgages are foreclosed in equity. In a mortgage foreclosure action, the court severs, for separate trial, all counterclaims against the foreclosing lender. The foreclosure claim shall, if tried, be tried to the court without a jury.

The court order of foreclosure will specify how the foreclosure must take place, and the foreclosure must take place on those terms. Whenever a legal advertisement, publication, or notice relating to a foreclosure proceeding is required to be placed in a newspaper, it is the responsibility of the lender or their representative to place such advertisement, publication, or notice.

Equitable Right of Redemption ends at the foreclosure sale (or at another time specified by the courts, but this rarely happens). There is a period of time after the sale that “the court reviews the sale to ensure a fair price has been paid.” Basically, this period of time allows parties to object to the sale on the basis that proper procedures were not followed or collusion existed between the bidders, for example. This period is usually 10 days, after which the Certificate of Sale is filed and title passes, if the sale is confirmed. If the sale is not confirmed, another sale is ordered. (Reference F.S. Chapter 702)

The lender may sue to obtain a deficiency judgment in Florida.

III. Where to go to for Foreclosure Help

HUD Jacksonville Office

Charles E. Bennett Federal Building
400 W. Bay Street, Suite 1015
Jacksonville, FL 32202

Phone: (904) 232-2627
Email: FL_Webmanager@hud.gov
Fax: (904) 232-3759

Jurisdiction: The following 36 counties in North Florida: Alachua, Baker, Bay, Bradford, Calhoun, Columbia, Clay, Dixie, Duval, Escambia, Flagler, Franklin, Gadsden, Gilchrist, Gulf, Hamilton, Holmes, Jackson, Jefferson, Lafayette, Leon, Levy, Liberty, Madison, Marion, Nassau, Okaloosa, Putnam, St. Johns, Santa Rosa, Suwannee, Taylor, Union, Wakulla, Walton, and Washington.

Earl Cox
Acting Field Office Director

Office Hours: 8:00 a.m. to 4:30 p.m.
Monday through Friday

Miami Office

Brickell Plaza Federal Building
909 SE First Avenue,
Room 500
Miami, FL 33131-3028

Phone: (305) 536-5678
Email: FL_Webmanager@hud.gov
Fax: (305) 536-5765
TTY: (305) 536-4743

Jurisdiction: The following 10 counties in South Florida: Broward, Charlotte, Collier, Dade, Glades, Hendry, Lee, Martin, Monroe, and Palm Beach.

Armando Fana
Field Office Director

Office Hours: 8:00 a.m. to 4:30 p.m.
Monday through Friday

Orlando Office

3751 Maguire Blvd.,
Suite 270
Orlando, FL 32803

Phone: (407) 648-6441
Email: FL_Webmanager@hud.gov
Fax: (407) 648-6310

Jurisdiction: The following 9 counties in East Central Florida: Brevard, Indian River, Lake, Okeechobee, Orange, Osceola, St. Lucie, Seminole, and Volusia.

Paul C. Ausley, Jr.
Field Office Director

Office Hours: 8:00 a.m. to 4:30 p.m.
Monday through Friday

Tampa Office

Timberlake Federal Building
500 E. Zack Street,
Suite 402
Tampa, FL 33602-2945

Phone: (813) 228-2026
Email: FL_Webmanager@hud.gov
Fax: (813) 228-2431
TTY: Dial 711 to use Florida Relay

Jurisdiction: The following 12 counties in West Central Florida: Citrus, De Soto, Hardee, Hernando, Highlands, Hillsborough, Manatee, Pasco, Pinellas, Polk, Sarasota, and Sumter.

KAREN JACKSON SIMS
Field Office Director

Office Hours: 8:00 a.m. to 4:30 p.m.
Monday through Friday

IV. Stop Foreclosure Early

Best Mortgage Available.com
(941) 227-4759
5521 38th Ave N.
St. petersburg, FL

Sun Realty
541-0304
1375 Gateway Blvd.
Boynton Beach, FL

Coldwell Banker Residential Real Estate, Inc.
369-0846
1185 E. Atlantic Ave.
Delray Beach, FL

Nancy L. Hogan Realty & Services
703-7901
2500 Quantum Lakes Dr., #203
Boynton Beach, FL

Approved Team Lending LLC
327-7147 x101
1375 Gateway Blvd.
Boynton Beach, FL

CityOne Mortgage Bankers
(800) 248-9663
7500 NW 25th St
Miami, FL

Liberty Property Trust
(954) 602-5494
3450 Lakeside Drive
Miramar, FL

Personal Home Loan Mortgages
(407) 896-0485
1505 E Robinson St
Orlando, FL

Eclectic Mortgage Corporation
561-594-4025
630 US Highway One, #205B
North Palm Beach, FL

Lending Solutions of Central Florida Inc
(407) 567-7121
7677 Dr Phillips Blvd
Orlando, FL