Auxelerate

Florida Foreclosure Auction Glossary

The terms that appear on a Florida foreclosure auction listing, defined once. Most come from Chapter 45 of the Florida Statutes or from the county’s official record of the property.

Certificate of sale

The document filed after the auction confirming the sale. Filing it cuts off the mortgagor’s right of redemption (Fla. Stat. 45.0315) and starts the 10-day objection window. It does not transfer ownership.

Certificate of title

The document issued after the objection window closes. This is what actually transfers ownership to the winning bidder.

Judgment amount

What the court determined is owed. Not the property value and not a reserve price.

Just value

The county’s assessment of a property’s market value, on official record.

Assessed value

The value used to calculate property tax. Florida assessment caps mean it can be significantly lower than just value on a long-held property.

Taxable value

Assessed value after exemptions are applied. It is the figure tax is actually charged on.

Plaintiff’s maximum bid

The most the foreclosing party has indicated it will bid at the sale.

Right of redemption

A mortgagor’s right to reclaim the property by paying what is owed. In Florida it is cut off when the certificate of sale is filed - there is generally no post-sale redemption period.

Tax deed

The instrument conveying a property sold at a Chapter 197 tax deed sale, held because property taxes went unpaid. Conveys subject to certain surviving liens.

Reset or rescheduled sale

A sale that was scheduled and then moved or cancelled. Common causes include bankruptcy filings, payoffs, settlements and court order. Reset sales frequently return to the calendar later.

Living area

The heated, finished square footage of the structure as published on official record. Not the same as total area under roof.

More Florida auction guides

See upcoming auctions by county

Auxelerate tracks upcoming foreclosure auctions across Florida with the full property profile on each listing. Browse every Florida county.