In Florida judicial foreclosure, the redemption period is:
Question & Answer
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Until the sale
Until the sale is incorrect because redemption rights continue even after the foreclosure sale occurs. The borrower can still redeem the property until the certificate of sale is filed by the court clerk.
30 days after sale
30 days after sale is incorrect as Florida does not provide a statutory redemption period after the judicial foreclosure sale. The redemption period ends when the certificate of sale is filed, not after a set number of days following the sale.
Until the clerk files the certificate of sale
1 year after sale
In Florida judicial foreclosure, there is no one-year redemption period after sale. Florida law does not provide such an extended redemption period. The redemption period in Florida judicial foreclosure ends when the clerk files the certificate of sale, not after a year. This misconception may come from states with longer redemption periods, but Florida's foreclosure process is different and shorter.
Why is this correct?
In Florida judicial foreclosure, borrowers retain redemption rights until the clerk files the certificate of sale, which officially transfers the property to the purchaser at foreclosure sale. This filing marks the legal point at which the borrower's redemption period ends.
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