How long does the foreclosure process takes in florida?

by oliver on September 30, 2010

Question:

How long does the foreclosure process takes in Florida?

I am 4 months late I tried to get my payment deferred but they denied it, I want to know if my foreclosure process starts in February how long it would take to move out of my house?

Answer:

Since you are already 4 months behind your mortgage payment, your lender will most likely file a foreclosure against you. First, your lender will send a Notice of Default, informing you of your debt and scheduling for a court hearing. Prior to the court hearing, you can work out an agreement with your lender to settle the situation and avoid foreclosure. You can talk to your lender of the possibility of a short sale, refinancing, forebearance and loan modification. If you are approved of any of the above mentioned foreclosure prevention options, well and good. However, if no agreement was made, a Notice of Sale will be issued to you by your lender, informing you that the property will be sold to the public thru auction. This notice is usually issued and posted in the local newspaper 20 days before the actual date of sale. After the auction the new owner or lender already has the right to repossess the property. If the previous owner is still staying in the property after the auction, the new owner or lender can request for an eviction process, which orders the previous owner to leave the property at once. If the previous owner still insists on staying, the law enforcements can remove you and your belongings out of the house.

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