Florida foreclosure solution information compiled by Florida foreclosure defense lawyer Dania Fernandez
Outlined below are key steps in determining how fast a foreclosure can be carried out in the State of Florida. Although, each lender is unique and each loan has its own regulations as far as timelines. This guide is intended only as an example and should not be construed as a rule governing all foreclosures.
Day 1 |
Payment due. Missed payment |
|---|---|
Day 16 - 30 |
Late fee charged. Attempts to contact borrower by lender |
Day 45 - 60 |
Lender sends "demand" or "breach" letter. Gives borrrower 30 days to submit payment |
Day 90 - 105 |
Lender refers loan to foreclosure department. Attorney may be hired. |
Day 150 - 415 |
House is sold at foreclosure sale or auction. |
If you are at risk of losing your home and wish to learn how fast a foreclosure may occur and what your options are, contact us now for a no charge, no obligation consultation with Florida Law Attorney Dania Fernandez.