The state of Florida (Among its major cities find yourself in:,, Talahassee, Mobile, Gainesville, Panama City, etc) is conducting foreclosure through the courts. For a person to lose her house at auction in the state of Florida must be accessed during the approximately five months. Period Pre-foreclosure auction to make a home in Florida, the lender (bank or other entity) must file a court action and records a notice of a claim against the borrower. The lender must notify the debtor and any of the parties concerned, in person or in some cases by mail or publication. If the borrower does not respond to the lawsuit within a specified time, the county clerk may declare a default of the borrower and the lender so it can ask the court to issue a final ruling. If the court rules against the borrower, the ruling will include the total amount due to the lender and the foreclosure sale date. The lender is not bound by state law to notify the borrower before starting the foreclosure process. The borrower can stop the foreclosure until the date of the sale by paying the total due to the lender.
Notice of Sale / Auction The sale date of the 20th property is generally 35 days after the court ruling, but this may vary depending on the court. The court clerk issued a notice which specifies the details of the auction house as the location, date and time that will make the sale. The notice is published once a week for two weeks, the second notice must appear at least five days before the sale. The secretary-general, oversees the sale, which usually occurs in the county courthouse at 11:00 am on the day of sale. The winning bidder must provide a deposit of 5 percent and the payment of the balance at the end of the day. If the property is sold on the first try, is planning a new date with a minimum of 20 days. After a successful sale, the seller gives a certificate of sale the successful bidder within 10 days after the sale is the transfer of the property to the contractor (if no one disputes the sale.) In most cases, the borrower has no right of redemption after the issuance of the certificate of sale.