Foreclosure Redemption Period in Florida
The foreclosure redemption period is the time during which a Florida borrower can reclaim their property by paying the full amount owed. The right exists until the clerk files the certificate of sale after the foreclosure auction.
Redemption Timeline
- Begins: When the foreclosure complaint is filed
- Ends: When the clerk files the certificate of sale
- No post-sale redemption: Florida does not allow redemption after the sale
- 10-day objection period: Challenges to sale procedure (not redemption)
How to Redeem
- Pay the full mortgage debt (principal, interest, fees, costs)
- Payment must be in certified funds
- Contact lender's attorney for exact redemption amount
- Partial payments do not satisfy the redemption right
- Refinancing may provide funds for redemption
After the Sale
Once the certificate of sale is filed, redemption rights are permanently extinguished. After the 10-day objection period, the clerk issues a certificate of title to the successful bidder.
Related Terms
- Equity — Property value above the debt
- Encumbrance — The mortgage lien being foreclosed
- Closing — Redemption prevents foreclosure closing
Barnes Walker Foreclosure Defense
Barnes Walker's attorneys help Florida homeowners exercise redemption rights and explore alternatives to foreclosure. Request a legal inquiry for assistance.
Florida Law Reference
Fla. Stat. Ch. 702
Florida is a judicial foreclosure state. This chapter governs the foreclosure process, including notice requirements, sale procedures, and deficiency judgments.
Reviewed by the attorneys at Barnes Walker, Goethe, Shea & Robinson, PLLC