Under Florida foreclosure law, a foreclosure begins when the lender files a lawsuit against the borrower suing for control of the property due to a default on the mortgage agreement. The Lender does not take the property, they petition the court to force the sale. If the borrower fails to appear at the court hearing, a judgment may be issued in favor of the lender allowing the borrower no recourse to stop the foreclosure on the property.
Foreclosure!
Wrong way to go. It will take 7-10 years to get you life back and have another home for yourself!
Stop Forced Sale
We short sale the home and have the bank clear you from the loan. You can start over.
The Bank Can
The bank can make the rules. You will owe money for the balance of the loan! You must be proactive. Sell it as a Short Sale.