Florida homeowners who are facing foreclosure will have, on average, twice as long as most other homeowners across the country to stay in their homes before the foreclosure process is complete and the mortgage lender can take back their home. A Florida foreclosure filed this week will likely not be final until the end of March, 2014.
Only New Yorkers, at 1019 days, and New Jersey homeowners, at 954 days, have a longer opportunity to stay in their home after a foreclosure suit is filed. The national average of days from the beginning of a foreclosure case to the point that a homeowner must move out is 348. In Florida, homeowners have on average 806 days to stay in their home, fight the foreclosure, build a savings account or pay down other bills while the home foreclosure winds its way through the court system.
RealtyTrac reports that in December 2011, 1 in every 392 housing units had received some type of foreclosure filing. There may be no better time than now to discuss your situation with a Tampa foreclosure defense lawyer if you have missed a mortgage payment or fear you may miss one in the near future.
Basic Information About the Florida Foreclosure Process
Once foreclosure proceedings have been started by your mortgage lender, you have 20 days to respond to the lawsuit. A response might include a request for proof that the lender actually owns the right to foreclose on your mortgage or other reasons why the foreclosure should not be allowed to proceed. Your foreclosure defense attorney can discuss your situation with you and identify any potential ways to fight the foreclosure lawsuit.
The sooner you speak with an attorney, the better. You do have options, whether you choose to fight to stay in your home or not. Even up to the date of the sale of your home, you may be able to stop the process by filing for bankruptcy protection.
The important piece to remember is that, in the Florida foreclosure process, time can be on your side.