Does a Foreclosure Lawsuit prevent a Florida Homeowner from Selling their Property?

Does a Foreclosure Lawsuit prevent a Florida Homeowner from Selling their Property?
Does a Foreclosure Lawsuit prevent a Florida Homeowner from Selling their Property?

Many Florida Homeowners believe that once they are served with a Foreclosure lawsuit, they have no longer any ability to sell their property.  This is absolutely not true. A Homeowner has the right to sell their property up until the date their property is ready to be sold at a Foreclosure auction.  If a homeowner has equity in their property, they can sell their property and the Bank will be paid off in full.  Once the Bank is paid off in full, the Bank dismisses the Foreclosure action against the Homeowner.  This is great news for the Homeowner.  If a Homeowner owes more than the actual value of the property, the Homeowner can still sell their property through a short sale.  Short sales are much more time consuming and are subject to the approval of the Bank.   Although the Bank has to approve the short sale, a Foreclosure complaint still does not prevent a Homeowner from attempting to sell their property through a short sale.

If you are a Florida Homeowner in Foreclosure and believe that selling your property will be most beneficial to you, contact 954 Foreclosure Attorneys, PLLC today at (954) 237-7740 today to see how we can help. We have offices in both Broward County and Palm Beach County to better serve our clients. We defend Foreclosures throughout the State of Florida.

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