Lis Pending in Florida Foreclosure?
Hello,
Does anybody know the process of Lis Pending in the state of Florida? How long does the foreclosure take and can the person being foreclosed on still stay in the property until the final outcome of the foreclosure and if so, if they catch up on their late payments are they still allowed to keep the property and the lis pending be stopped?
Thanks!
The owner can catch up the delinquencies up until the date the property is sold at auction.
In Florida, there is no right of redemption after the sale, so once the sale takes place, the former owner no longer owns the property and would have no way to stop the process. If the sale takes place, the former owner will eventually be evicted by the new owner.