(Kathy from Florida) How long does a foreclosure typically take in Florida?
Dear Kathy,
foreclosure reportedly takes between 6 and 7 months in Florida, provided that the legal action is uncontested. Homeowners facing foreclosure may be able to extend this time frame by contesting the legal action or requesting more time to respond. Additionally, a bankruptcy filing by a homeowner could further delay foreclosure proceedings.
If you are facing foreclosure, you will want to determine whether it is avoidable. If you can afford the mortgage in the long run but need help now, you might benefit from either a loan modification or some other mortgage delinquency counseling. If foreclosure is unavoidable, then you may wish to discuss short sell options with your lender or contact an attorney.
