Florida Foreclosure
Available
options to a
lender under
Florida
Foreclosure are
judicial
foreclosure and
deficiency
judgment.
Borrower on the
other hand
enjoys Right of
Redemption and
non judicial
foreclosure is
not allowed.
Security
instrument is
mortgage and
time frame is
180 days. The
foreclosure
claim is
separated from
all counter
claims against
the lender as
the foreclosure
is on equity.
The case will be
tried without a
jury. It is the
lender
obligation to
publicize,
notify or
advertise the
foreclosure
proceeding.
Court allows
objections from
parties to the
sale within 10
days after the
sale if no
objections are
filed by say
bidders,
certificate of
sale is issued
and the title is
awarded to the
highest bidder.
Borrower looses
the equitable
right of
redemption at
the end of sale.
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