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Gulfcoast Foreclosures


What Is a Gulfcoast Foreclosure?

 

Foreclosure on the Florida Gulfcoast is the legal process by which a mortgage company can obtain legal ownership of a property. It relinquishes a homeowner from any and all right to the property and evicts the homeowner from the premises. How can you stop a Gulfcoast Foreclosure process? Contact Gulf Coast Home Experts, LLC at Info@GulfCoastHomeExperts.com.

A typical scenario:
Most lenders initiate foreclosure after 3 missed monthly payments. A "file" is turned over to attorneys for processing. Attorneys are usually not much help in stopping a foreclosure in process. The file may also be turned over to a lender's loss mitigation department. Once a loss mitigation expert is assigned, they may attempt to contact the owner in an effort to resolve the delinquency through various repayment options.
 
There may be liveable and possible alternative repayment options that can be managed. These are determined by the type of loan, how long the loan has been held, the lender, financial position and many other factors.
 
When a home owner is unable to make the monthly mortgage payment on his or her house, resulting in a default against the mortgage, a lender will foreclosure on the home in order to sell it at a public auction to recover the money owed by the loan. If any money remains after the loan is paid off, the remainder is applied towards any junior liens and encumbrances in the order of their priority. Any further excess would be paid to the owner.
 
TYPE OF DOCUMENT: Mortgage
TYPES OF FORECLOSURE:
  • Judicial Foreclosure only: From personal experience, we know that lawyers are very involved in the real estate process. A lender has to go through the court to foreclose on a property in Florida. The borrower is sued by the lender. The borrower has the right to defend themselves in court, while the lender will attempt to prove the borrowers are in default. Once the lender prevails, the court will order the property sold.
  • Deficiency Judgments: The lender may pursue the borrower for up to four years to collect a deficiency judgment.
  • Redemption: There is no right of redemption after the court confirms the sale.

 

Members of Gulf Coast Home Experts are your Gulf Coast foreclosure experts.

 

For a List of Foreclosures / Short Sales along the Gulf Coast Register Below.

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 PhotoAddressLocationPriceSizeStyleTypeBedsBathsBuilt
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(7 Photos)
1500 VIA DELUNA DR, Suite D2
MLS® $325,000 1,400 sq. ft. "Res Attached" Residential 3 3
Baths Full: 2, Baths Half: 1
1978
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(6 Photos)
1600 VIA DELUNA DR, Suite 302B
MLS® $299,000 1,328 sq. ft. "Condominium" Condominium 2 2
Baths Full: 2, Baths Half: 0
1978
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(4 Photos)
1500 VIA DELUNA DR
MLS® $1,700 USD Monthly 1,270 sq. ft. "Condominium" Condominium 3 3
Baths Full: 2, Baths Half: 1
1978
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