I currently own a home (which I currently live in) in Florida and, due to a recent catastrophic downturn in my business, I have been unable to make my mortgage payments for the past four months and it seems I am heading for foreclosure and eventual bankruptcy. Approximately how long will it be before I am evicted? In other words, how long does it take to be evicted once you stop making mortgage payments? I am sure my lender will foreclose as soon as it is legally able. Thanks.

Dr D

Florida is a Realty Mortgage state rather than a Deed of Trust state. In Florida a judicial foreclosure is used. According to one website the typical timeframe in Florida is about 180 days. If you filed bankruptcy during that process, it could make the period even longer.

Fr_Chuck

First it is hard to say how long they will go till they even start the foreclosure. Since many mortage people don't want your house right now, they may give you months to try and sell it, ( I will assume you have it for sale) normally if you let them know you are trying to sell it, and furnish them a copy fo a contract with a real estate broker they will give you more time.

Also they may go 6 moths or more before they even start now adays
( but then they don't have to either) they can start procedure as soon as they legally can from your mortage rules.

Their first step will be to have a company come out and do a home inspection, this also lets them know if you take anything from the home that should have stayed with the home, and also the @ value of the home.

But you will be served papers of a hearing and so forth.