The only way it can be extended is if the Tenant or Prior Owner files a Motion to Stay the Writ. However, without good cause, it is unlikely to be granted. The Florida Foreclosure Process Timeline is always changing. However, a Foreclosure Defense Lawyer will be able to guide and help save your property. Contact the Law Office of Brian P. Kowal, PA at (954) 990-7552 to learn about your options.
This states the intent of the mortgage company to evict the residents and take over ownership of the property. They will post the date and time of the auction where the property will be sold, anywhere from three to six weeks in the future. Redemption At any time before the auction of the property, the mortgage holder can take back the property if they can pay off the mortgage in full. If they can pay for the mortgage in full, the proceedings are halted and the mortgage holders can move in and reassume ownership of the property. Sheriff's Sale The last step of the foreclosure process is the Sheriff's sale. This is where the property is auctioned off to the highest bidder at the county courthouse. The price is low to begin, but can escalate if it is in a hot location. Once another bidder has won the auction and the property, the former mortgage holder has terminated all of their rights to the property. Within ten days of the successful sale, the title is transferred to the winning bidder.