Florida Foreclosure Law
The foreclosure crisis is extremely serious and widespread in Florida with 24% of all home loans either in some stage of foreclosure or more than 90 days past due which means that nearly one quarter of all Florida homeowners are in this mess with you. With the total number of foreclosures nationwide exceeding three million homes at the end of 2011, an incredible 458,286 of those were in Florida. Florida Ground Zero in Foreclosure Battle
What has further worsened the problems for Florida homeowners and the housing market overall has been the inability of the court system to handle the huge volume of foreclosure filings. A lack of sufficient court funding combined with overly aggressive and often illegal tactics by many lenders and the law firms hired by those lenders have contributed to the blockage which shows no signs of abating in the foreseeable future. As a result, the courts have a current backlog of more than 368,000 pending Florida home foreclosure cases and that number is expected to double by 2014. Defending Florida Foreclosure Lawsuits
Due to the huge number of Florida residents involved in the foreclosure crisis, SaveTheCave.com has made it a priority to provide detailed information about the Florida Foreclosure Process to help homeowners who otherwise have no resources to defend themselves. Florida Foreclosure Process
Florida Judicial Sale Method of Foreclosures
Florida home foreclosures are conducted under the judicial sale method discussed elsewhere on our site. Judicial v. Non-Judicial Foreclosure Sale What this means is that all Florida foreclosure lawsuits and Florida foreclosure sales are done through the court system and subject to the Florida foreclosure process. With a current backlog exceeding 368,000 cases, be prepared for a long and sometimes arduous journey but use the time to build your savings and develop a long term plan to avoid foreclosures.
Florida foreclosure lawsuits follow the same general pattern covered in our general discussion of the Foreclosure Process requiring initial Notice of Default followed by the Foreclosure Lawsuit itself in the second phase and then your post-trial foreclosure options to help stop Florida foreclosure sales.
Although the Florida state government has done very little to help homeowners involved in the foreclosure process, there are two federally funded programs specifically designed to help Florida residents avoid foreclosure. State of Florida Foreclosure Programs