The state of Florida is one of twenty in the country that is a judicial foreclosure state. What that means is that before a foreclosure can be completed, it must go through the court system before it becomes final. Local legislators are taking a close look at changing this, removing this requirement. The reason: they feel that it's taking too long to foreclose and take away someone's home. While this argument may very well be legitimate in some cases, the judicial requirement is definitely helpful in saving the homes of some owners who, with time and assistance that could be provided by such things as loan mods, could avoid being foreclosed upon. If this applies to you, or if you think it may, get in touch with your legislators and tell them to leave the judicial requirement alone!
As always, Good luck.
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