Absolute Realty Group, Inc.

195 Wekiva Springs Rd., #102
Longwood, FL 32779
Phone: (407) 673-1400
Fax : (407) 673-1401

When does foreclosure begin?


Lenders will initiate foreclosure proceedings when homeowners become delinquent in their mortgage obligations, usually after three payments are missed. The lender will then notify the buyer in writing that he or she is in default. The lender can request a trustee’s sale or a judicial foreclosure, in which the property is sold at public auction.

A borrower can cure the default by paying the overdue amount and the pending payment after the notice of default is recorded, usually no later than a few days before the property’s sale.

Some sales allow the successful bidder to take possession immediately. If the former owner refuses to vacate the premises, the court can issue an unlawful detainer that allows the sheriff to come out and evict them.

Borrowers should do everything they can to avoid foreclosure. It is one of the most damaging events that can occur in an individual’s credit history.

Posted in: Deed In Lieu of Foreclosure