What Homeowners in Florida Can Expect During the Foreclosure Process
What Homeowners in Florida Can Expect During the Foreclosure Process starts with knowing your options early. If circumstances beyond your control have put your home at risk, the best first step is to contact your servicer and explore solutions—reinstatement quotes, repayment plans, forbearance, or a loan modification—before deadlines tighten. Document income and expenses, keep records of every call or letter, and open all mail promptly so you don’t miss key dates. Consider speaking with a HUD-approved housing counselor or a qualified local attorney for state-specific timelines and cure rights.
Even if resolution takes time, understanding what homeowners in Florida can expect during the foreclosure process reduces stress. Typically, you’ll see a sequence of missed-payment notices, a formal notice of default, then legal filings or a trustee step (state dependent). Fees and interest can accrue, HOA or tax issues may surface, and insurance must remain in force. During this period, you can still evaluate alternatives such as listing the property, requesting a short sale through your lender, or pursuing a terms-based sale that clears arrears and avoids an auction.
This guide—What Homeowners in Florida Can Expect During the Foreclosure Process—walks through the milestones from first notice to potential sale, explaining how each choice can affect credit, costs, and your ability to move forward. Use it as a checklist to stay organized, communicate effectively, and choose a path that protects equity and peace of mind.
In short, What Homeowners in Florida Can Expect During the Foreclosure Process is a step-by-step look at the road ahead so you can act early, keep more options open, and move on with clarity.
Default
Lenders understand that homeowners in Florida may go through temporary financial hardships, often having a grace period for these situations. However, suppose you’ve fallen behind and don’t see any options on the horizon. In that case, you can expect the lender to contact you in every way possible during the foreclosure process, attempting to work out a payment arrangement to avoid further action.
Notice of Default
Lenders will issue a notice of default to homeowners in Florida , which gives you 90 days during the foreclosure process to pay the bill.
Mortgage Reinstatement
Homeowners in Florida who have entered the foreclosure process but can catch up with past due payments, including interest and any penalties, can stop the process at this point by working with the lender to reinstate the mortgage, then continue paying their mortgage as usual.
A subject-to sale can fund the mortgage reinstatement when the seller can’t bring cash to cure: the buyer pays the past-due amount (arrears, fees, escrow shortage) at closing, takes title subject to the existing loan, and continues the monthly payments—stopping late fees and keeping the current interest rate in place.
Notice of Sale
Once 90 days have passed after the notice of default, the next step homeowners in Florida can expect during the foreclosure process is the notice of sale; within 21 days, the property will be put up for auction by the trustee (the lender).
Auction
During the foreclosure process, the final step for homeowners in Florida is the auction, where the winning bidder must pay for the property immediately. Should the home not sell at auction, it will become what is known as an REO or real estate owned property, converting back to the lender. If you’ve yet to vacate the premises, you can expect the buyer to serve an eviction. With an REO, the lender may attempt to assist you with moving, offering cash for keys to attain possession.
Another Option
For homeowners in Florida facing foreclosure, there’s another option: a direct sale to local professional buyers like those at Viera Investment Group LLC. First, the professional buyers at Viera Investment Group LLC will detail the expenses and what you’d profit by listing your property, advising you of the average days on the Florida real estate market. Then, professional buyers from Viera Investment Group LLC provide you with the numbers used to make their offer to buy your home directly, which we want you to agree is fair. And we’ll provide you with a guaranteed closing date, often within days. We do this at Viera Investment Group LLC for two reasons. First, we want you to make an educated decision about what is best for your situation. Secondly, at Viera Investment Group LLC, we are your neighbors here in Florida , living and working alongside you, a part of the community; we want you to feel good about the deal long after you’ve left the closing table.
Viera Investment Group LLC
Selling directly to Viera Investment Group LLC can turn everything around for homeowners in Florida facing foreclosure; our goal is to save you time and money. A direct sale means no commissions, closing costs, or hidden fees; our policy at Viera Investment Group LLC is complete transparency and no pressure. And, to save you even more money, at Viera Investment Group LLC, we buy houses as-is for cash in Florida , meaning you can keep your wallet in your pocket and forget about prepping, repairs or cleaning. You can even pick the date for your closing with a direct sale to a professional buyer from Viera Investment Group LLC, talk to us about the arrangements that would work best for you. Call Viera Investment Group LLC at +19738321791.
Foreclosure Process — CFPB: How Foreclosure Works
Foreclosure Process — Investopedia: 6 Phases Explained