Foreclosure is the consequences of missing your mortgage payment for over 3 to 6 months. Your lender will notify you of every missed payment and suggest loss mitigation options to you. Your lender can make this known in writing or call you up to discuss these options. It would be best if you do not ignore their calls and check your mail regularly. Just as in every state, the lenders in Florida have to wait for 120 days after the first payment you missed before they can initiate foreclosure. Foreclosure In Florida can happen quickly, and this places a lot of pressure on homeowners. To stop foreclosure, many end up making decisions that are costly and ultimately lose their home. No matter how swift the foreclosure process is, if you know how it will be processed, you will have a better chance of stopping foreclosure and saving your home.

In Florida, both forms of the foreclosure process are used, i.e., the judicial foreclosure process and the non-judicial foreclosure process. However, the judicial foreclosure process is most commonly practiced. In a judicial foreclosure process, the court has the final say on every step taken on the foreclosure, including the sale. It starts when your lender files a petition to the court to foreclosure your home. You will receive a summon from the court to notify you of such action taken by your lender and seek your consent. You should reply with any defenses you have against your lender that can help you stop foreclosure. Do not attempt to reply to a court summon without an attorney, except you are a legal practitioner yourself. You will have about 20 days to send in a reply, and if you fail to meet up, a final judgment of foreclosure will be passed.

If you do not have enough defenses to stop foreclosure, you can file for bankruptcy. Filing for bankruptcy will help you stop foreclosure immediately and give you the relief needed. Talk to your lawyer to find out more alternatives to stop foreclosure in Florida.