Florida is a judicial state, so therefore the court carries out the proceedings. The foreclosure process in this state takes around 5 months.

The foreclosure process begins by a court action being filed by the lender and a notice of pending lawsuit recorded.

The borrower is notified by mail, or person, by the lender. The court can make a final ruling that the borrower is in default, if the borrower does not respond by a certain time. The total amount owed by the borrower to the lender, and the sale date, can be ruled by the court against the borrower.

Under this state law, the lender is not required to notify the borrower before beginning the foreclosure process. The mortgage or Deed of Trust may stipulate this though. If the borrower can pay the total amount to the lender, even up to the sale date, he/she can stop the foreclosure.

After a court ruling, the sale date occurs generally around 20-35 days after. The notice is published with the time, date, and location of the sale. For two weeks before, the notice of sale is published once a week.

The sale is usually overseen by the clerk, and normally takes place at the court house. Whoever makes the winning bid, must provide a 5 % deposit, and be able to pay the remaining balance by the end of that day. If this does not occur, a new sale date is set not less than 20 day later. A certificate of sale is given to the winning bidder.

Ten days after the sale, a transfer of ownership is given to the winning bidder, if there has been no dispute of the sale. Most of the time, the borrower has no right of redemption, once the certificate has been issued to the winning bidder.

This is research. Consult a lawyer for accuracy.

More info on your stop foreclosure information search:

Get Free Foreclosure Advice and Free Refinance Quotes
Get your free on-line foreclosure refinance quote and free advice from foreclosure mitigation specialist in minutes. Compare real offers from top national subprime and hard money lenders... more...

A Summary of Alabama State Foreclosure Law
Alabama State conducts Judicial as well as Non-judicial foreclosure, but Non-judicial foreclosure is more common. What is the processing period for foreclosure in Alabama? Normally it takes 50-74 days (approx 1.5 to 2 months) for processing. What is sale publication period in Alabama for ... more...

Vermont Foreclosure Laws
Vermont is a strict foreclosure state. That means that foreclosures in this state proceed on the premise that the lender owns the home, not the borrower. So, if the borrower transgresses on any condition in the mortgage before the loan is paid in total, they will lose all right to be in the home. ... more...

Washington State Provisions For Foreclosure
Washington conducts Judicial as well as Non-judicial foreclosure. What is the processing period for foreclosure in Washington? Normally, processing period is 120 days in Washington. What is sale publication period in Washington for foreclosure? Sale publication period is 90 days in Washington. Is ... more...

Summary Of Vermont State Foreclosure Law
There are four different type of foreclosure are followed in Vermont. Strict foreclosure Power of sale foreclosure Judicial foreclosure Non-Judicial foreclosure What is the processing period for foreclosure in Vermont? Processing period is normally 210 days (Approximately 7 months) in Vermont. Is ... more...