The process of foreclosure Court in Florida

Then, the real estate market earlier this decade crashed, have seizures, how owners make incapable not sell their home arrow and mortgage payments are found. In Florida, the worst in the country is the rate lock. As this StartsA locking process begins when a homeowner listens to pay his mortgage. Maybe the owner looks in vain, to negotiate a sale shortly with his bank or maybe he just stopped paying. In both cases, the Bank will present public notice a combination called being "Lis pendens" against the owner of the file. This starts foreclosure homeowners process.JudgmentAny time the process wants to stop, he pay the full amount due. However, this is probably not possible if the owner cannot afford to pay the mortgage. Therefore, the combination with a ruling by the Tribunal will follow. If the Court against the owner finds held.AuctionThe are the auction of the property is a public announcement about the upcoming auction to introduce and then hold the auction. If the property does not sell, the Bank becomes the owner. In both cases once the property is sold, the owner loses the property and if it occupies the House will evicted.After sales after auctions held 10 days taking new owner and has the right to distribute the former owners. The former owner has lost the rights to property. The number of foreclosures across the country, but the process was a long, often lasting for six months to one year or more.