How Florida foreclosure and tax deed auctions actually work - the statutes, the deadlines, the deposit rules, and what the numbers on a listing mean. Written for investors deciding whether a sale is worth their time.
Florida foreclosure auctions run online under Chapter 45. The winning bidder pays a 5% deposit immediately and the balance the same day. Here is the full process.
Florida tax deed sales run under Chapter 197; mortgage foreclosure auctions run under Chapter 45. Different statute, different deposit, and different risk on liens.
A Florida foreclosure auction sells the property as-is, without inspection, and often without possession. Here is what the winning bid does and does not include.
Florida foreclosure auctions run online on a fixed schedule. The 5% deposit is due immediately and the balance the same day. Here is the sequence.
The judgment amount is what the court determined is owed - not the property value and not a reserve price. Here is how to read it against the record.
Certificate of sale, judgment amount, just value, plaintiff’s maximum bid - the terms on a Florida foreclosure listing, defined.
Florida is a judicial foreclosure state - every case goes through court. An uncontested case commonly runs several months; a contested one can take far longer.
Florida associations can foreclose for unpaid assessments under Chapters 718 and 720. The critical difference: the first mortgage may survive the sale.
Auxelerate tracks upcoming foreclosure auctions across Florida with the property profile on each listing. Browse every Florida county.