Gloria Walters
Realtor® Associate
Previews Specialist
Coldwell Banker Schmitt Real Estate
Direct 305-453-7531
Fax 305-451-1220
Cell 305-942-6834
momrswalters@bellsouth.net
Certified
short sale and foreclosure resource agent.
"Gloria was wonderful. She spent a great deal of time
helping us find the perfect house! She will certainly be our real estate
agent for all future purchases!" --
Bill and Kim B
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Florida Keys Real Estate Market 1st
Half 2011 vs. 2010
Imagine owning a Vacation home rental in paradise. Imagine
employment or retiring here. Imagine incredible sunsets, tropical weather
and palm trees in your backyard. Imagine world-class fishing and diving,
just minutes from home. How about year round fruits, vegetables and fresh
seafood. Imagine balmy nights with soft tropical breezes and shades of
green and blue you never knew existed. If that's not enough, what about
clean air, quiet nights and pure nature mixed in with a laid-back Island
attitude.
If all this sounds too good to be true consider this. Since we only spend
a small percentage of our lifetimes outdoors, why not make the most of
it. How about going on vacation and never going home.
Gloria Walters,
REALTOR at Coldwell Banker Schmitt, Inc, specializes
in the sale of fine Homes and Condos in the Upper Florida Keys. Since
1996, she has provided buyers and sellers with in-depth professional
assistance in the sale and purchase of residential property. If you are
interested in buying or selling a home, and want the professional assistance
of a seasoned expert, who will work diligently in an effort to satisfy
your needs, please call Gloria anytime at 305-453-7531. Hopefully, you
will find this web site to be comprehensive, interesting, and informative.
Please bookmark this site (http://www.yourkeylargoagent.com), for fast
and detailed real estate information at your fingertips,
Florida Foreclosure Laws
Florida carries out foreclosures through court proceedings. The foreclosure process in Florida takes about five months.
Pre-foreclosure Period
A foreclosure in Florida begins when a lender files court action and records a notice of a pending lawsuit (Lis Pendens) against the borrower. The lender notifies the borrower and any other affected parties in person or in some cases by mail or publication. If the borrower does not respond to the court action within a specified amount of time, the county clerk can find the borrower in default and the lender can ask the court to make a final ruling. If the court rules against the borrower, the ruling will include the total amount owed to the lender and the foreclosure sale date.
The lender is not required by state law to notify the borrower before initiating the foreclosure process, but individual mortgages or deeds of trust might call for this. The borrower can stop the foreclosure up until the date of the sale by paying the total amount owed to the lender.
Notice of Sale / Auction
The sale date is typically 20-35 days after the court ruling, but this may vary depending on the individual court. The clerk of court issues a notice of sale containing the location, date, and time of the sale. The notice is published once a week for two weeks, with the second notice appearing at least five days before the sale.
The clerk usually oversees the sale, which ordinarily occurs at the county courthouse at 11:00 a.m. on the sale date. The winning bidder must provide a 5-percent deposit and pay the remaining balance by the end of the day or a new sale is scheduled a minimum of 20 days later. After a successful sale, the clerk gives a certificate of sale to the winning bidder
Within 10 days of the sale, the clerk transfers ownership to the winning bidder if no one disputes the sale. In most instances, a borrower has no right of redemption after the certificate of sale is issued.
For More Information please Contact me
DISCLAIMER
As the information in these reports is subject to change, it is provided as a general guide and not to be relied upon in your decision to purchase or sell real estate in the Florida Keys
