Editor note: This article was published on January 20, 2014 and describes Florida housing, foreclosure, and short sale conditions as they stood at that time. Market data, lender and government programs, and court timelines referred to here have changed since publication. It is kept as a record of that period and is not a current statement of Florida law or market conditions.

Florida foreclosures taking longer than ever – if you need help with a loan modification, short sale, or foreclosure defense, contact us at [email protected]

Florida foreclosures are now taking longer than ever — almost two-and-a-half years on average during the first three months of this year, according to a new report by the research firm RealtyTrac Inc. From the time a Florida homeowner gets the initial, “lis pendens” notice until the banks take the property, an average of 861 days transpire. Nationally, the process gets completed in less than half that time. [Source: Orlando Sentinel]

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