Florida Foreclosure Information

This page contains Florida foreclosure information which should prove useful if your Florida property is facing foreclosure.

Florida uses a mortgage as the security instrument and uses a judicial foreclosure to foreclose on the loan.

Let's explain. When you borrow money to buy a house, you actually get the deed to the house. It's not like a car loan where you don't get title until you pay it off.

In turn, you pledge your property as collateral for the loan by giving a mortgage to the lender. When you fall behind on the payments, this mortgage allows the lender to go after your house in a foreclosure proceeding in the court system.

The key thing to know here is that in Florida, lenders must take your case before a judge in order to foreclose on your loan. This means that it will probably be five to six months before the foreclosure proceeding is begun and will probably take 9 months to a year to complete. This gives you a lot of time to resolve this situation, so there's no need to panic.

Please see the links below to learn more about the Florida foreclosure process.

Click here to learn more about the Florida foreclosure process.

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