Florida Foreclosure Defense Lawyer Question: Does Florida Have A Foreclosure Redemption Period After a House is Sold?

June 18, 2011

Auction,jpg.jpgTechnically, no. Florida does not have a specific statutory foreclosure redemption period. In other states, the right of redemption period will state designated number of days to allow a borrower time to prevent a foreclosure sale by paying the entire balance due to the lender. During this period, a homeowner has the right to pay the redemption amount, without danger of being evicted.

While Florida does not have a statutory right of redemption period, there is usually a 20-30 day period between the public sale of a home and when the certificate of title is issued. While the 20-30 day time period is typical, certificate of title can be issued in a shorter period of time. Be aware that once the certificate of title is issued there is usually very little a previous owner can do to stay in their home.

If your home has recently be sold at auction and you would like to exercise your right of redemption prior to certificate of title being issued, contact a Jacksonville Foreclosure Defense Lawyer or a Florida Foreclosure Defense Lawyer today.