Florida uses a judicial foreclosure process. That means the lender sues in court to foreclose, and milestones appear on the public docket at the Pinellas County Clerk. Knowing the general sequence helps you act before options disappear.
Typical Milestones (Simplified)
- Delinquency: Late notices and collections after missed payments.
- Lis Pendens Filed: Public notice that a foreclosure suit is pending; the case begins moving through court.
- Judgment: If no resolution, the court may enter a final judgment of foreclosure.
- Sale Scheduled: An auction date is set; the property may be sold to the highest bidder or revert to the lender.
- Post-Sale: If the lender wins, a certificate of title issues after any redemption period.
Timing varies by case and court load, but once a Lis Pendens is filed, momentum builds. Early action gives you leverage.
Where a Short Sale Fits
- Before judgment: Most flexible. You can list, accept an offer, and submit to the lender for approval.
- After judgment but before sale: Still possible, but the window is tight—files must be complete and buyers committed.
- After sale set: You may request a postponement while a viable short sale is reviewed—results vary by lender/court.
Bottom line: Don’t wait for the auction notice. Involve a Realtor early to map your fastest, cleanest exit.
Discuss your timeline now: (727) 301-7855 • nikky@capstonerealestate.us
General information only—consult your attorney for legal advice.