In your banking and lending system, Americans who suffer financial stress that lead to missed mortgage payments can lose their homes. While there is a set of procedures in the foreclosure process, the actual timeline to complete the process varies greatly depending on a number of factors.
On average, the time takes to complete a residential foreclosure in the state of Florida has been between 24 and 30 months. However, in 2013, Florida Governor Rick Scott signed a bill to streamline foreclosures and shorten the process.
Although there are many twists and turns during the course of a foreclosure, we have created a super simple, quick reference guide to the process of a Florida foreclosure. While we can discuss this process at great length, we have elected to over-simplify the foreclosure process into the following Florida foreclosure process and rough timeline:
While the duration of the process varies, the events that occur are fixed and can be extremely difficult for current homeowners to endure. If you are in the early stages of fear of losing your home, we may be able to assist in avoiding possible foreclosure proceedings by negotiating with your lender on your behalf. For those that are officially in some stage of foreclosure proceedings, we may be able to assist as well, by either saving your home through a loan modification or short sale, slowing down the foreclosure process, negotiating on your behalf, or other results.
Please contact us for foreclosure defense or any other real estate related service. Our office is located in Royal Palm Beach, FL and serves the entire South Florida region from West Palm Beach through Boca Raton, Fort Lauderdale and Miami.
The Law Office of Donna Hearne-Gousse, P.A.