Residential Mortgage Foreclosure (FL)

Summary

When a lender is faced with a defaulted loan secured by a mortgage on residential real property in Florida, it may pursue judicial foreclosure of the mortgage. This practice note provides an outline for complying with the federal statutes and regulations, state laws, and local rules governing residential mortgage foreclosures in Florida. This note is intended to help counsel for the lender ensure that all pre-suit obligations are met to avoid any delays or defenses to the foreclosure. However, the information contained herein is relevant to the borrower and its counsel as well.