What is foreclosure?
Foreclosure is a legal process to foreclose a lien on property to order the sale of that property for the purposes of satisfying a debt. Most people think of foreclosure in terms of a mortgage foreclosure; however, foreclosure may also take place on personal property.
It’s one of the remedies available to a secured creditor under the Uniform Commercial Code.
Foreclosure FAQ
- How long does the foreclosure process usually take in Florida?
- What are tax deed sales?
- What do I do after I am served with a summons and foreclosure complaint?
- What happens if I just mail the keys to the bank and walk away?
- What is a deed in lieu of foreclosure?
- What is a deficiency judgment?
- What is a judgment debtor’s examination?
- What is a lis pendens?
- What is a short sale?
- What is foreclosure?
- Why are affirmative defenses to a foreclosure different than just an answer with denials?
- Do I have to move out of my home during the foreclosure process in Florida?
- Does a tax deed sale provide a marketable title?